empty
 
 
01.09.2022 04:54 AM
Forecast for GBP/USD on September 1, 2022

The British pound lost 33 points on Wednesday. The price has been struggling with support at 1.1600 all evening and has overcome it this morning. Now the nearest target is the 1.1525 target level, followed by the 1.1385 target.

This image is no longer relevant

The signal line of the Marlin Oscillator on a daily scale has overcome the Fibonacci reaction level of 271.0%, that is, there will be no correction of the oscillator (and price) (in relation to the risk-reward category).

This image is no longer relevant

The price has settled under the target level of 1.1600 on a four-hour scale. The double convergence of the price with the Marlin Oscillator has been broken and re-formulated into a single one with the prospect of a medium-term downward movement.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback