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21.05.201906:37 Forex Analysis & Reviews: Forecast for GBP/USD on May 21, 2019

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GBP/USD

On the first day of the week, the pound sterling did not show any activity, ending the day with conditional consolidation on a four-hour chart. The technical situation for this day has not changed, only the marlin oscillators on both considered charts have slightly increased, which is interpreted as the discharge of the indicator before further trend movement. Most likely, on the H4 marlin it will not go above the neutral (zero) line of the indicator. The pound's immediate target is still the level of 1.2660 (the low of August 15, 2018). Overcoming this level opens the prospect of a decline to 1.2530 - the low of December 14, 2019.

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