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14.06.201906:44 Forex Analysis & Reviews: Forecast for GBP/USD for June 14, 2019

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.

GBP/USD

On Thursday, the British pound closed the day with a symbolic slide. The support of the MACD line on the four-hour chart was quite strong. Marlin oscillator signal lines on both graphs - daily and four-hour, show the neutrality of the current moment, any external fundamental factor can shift the balance in one direction or another. The next such event could be the release of data on industrial production and retail sales in the United States. Industrial production for May is expected to grow by 0.2%, retail sales for May with a forecast of 0.7%. Company inventories for April are expected to rise by 0.4%. We look forward to the pound's decline towards the previously set target of 1.2610 - the low of August 15, 2018. Consolidation below the level will form a condition for further medium-term decline.

Exchange Rates 14.06.2019 analysis

Exchange Rates 14.06.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
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