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14.07.202004:40 Forex Analysis & Reviews: GBP/USD forecast for July 14, 2020.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 14.07.2020 analysis

After the breakthrough and close below the previous day Low Cable, the GBP/USD pair may test the 1.2621 level. If the bullish momentum is strong enough then this pair will rise to the level of 1.2665 as its secondary target. This scenario is likely to occur if the GBP/USD does not decline and close bellow the 1.2515 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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