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The British pound continues to form a kind of fourth peak on the daily chart. To do this, it still needs to grow by 70-90 points and also return to the bottom of the formation in the region of 1.2790. The growth may last slightly higher, to the high of the first peak on October 21 at the price of 1.3012. The signal line of the Marlin Oscillator is in the declining trend zone, but this does not prevent the price from growing short-term.

Exchange Rates 02.12.2019 analysis

In the main version, the growth may end in the range of Fibonacci levels of 100.0-110.0% on a four-hour chart (1.2975/95). The option of price growth in the short term is strengthened by today's gap, which has not yet been closed. The Marlin Oscillator on H4 in the growth zone.

Exchange Rates 02.12.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Laurie Bailey,
Analytical expert
InstaForex Group © 2007-2019
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