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07.06.201906:18 Forex Analysis & Reviews: Forecast for GBP/USD for June 7, 2019

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GBP/USD

On Thursday, under the influence of activity on the euro in connection with the ECB meeting, the pound sterling grew by more than 50 points, but as a result, closed the day with an increase of only 7 points. Growth stopped near the highs of June 5 and May 27. At this price surge, a divergence with the Marlin oscillator was formed on the four-hour chart - this is a pattern for further price reduction. But over the past two days, the consolidation of two candles formed on the daily chart, and this may be a sign of further price growth - resistance at 1.2745 can be overcome and the price will reach the balance line on the daily chart around 1.2820. Overcoming the signal level 1.2660 opens the way to the support of the MACD line on H4 1.2603, also corresponding to the low on May 23 Thus, the range of 1.2660-1.2745 for the British pound is the uncertain zone, the range of free wandering.

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