See also
13.05.2025 04:49 AMBy the end of yesterday, the British pound declined by 129 pips, following a 1.43% increase in the dollar index. The support range of 1.3184–1.3208 was breached, and the movement paused at the daily balance indicator line. A short-term alternative scenario was realized.
Today, UK employment data for March will be released. Unemployment is expected to rise from 4.4% to 4.5%, and jobless claims for April are projected to increase from 18.7K to 22.3 K. The weakness in the pound will likely continue for another one to two days, potentially reaching the target support at 1.3101, which the MACD line will soon touch.
On the four-hour chart, the price has consolidated below the 1.3184 level. Both the indicator lines and the oscillator show a downward trend. For sentiment to turn optimistic again, the price must consolidate above the upper boundary of the 1.3208 range. However, the probability remains high for a move toward support at 1.3101, along with a decline in the Marlin oscillator's signal line to the lower boundary of its descending channel.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
