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24.06.201906:00 Forex Analysis & Reviews: Forecast for GBP/USD on June 24, 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

Last Friday, the British pound made its way through the resistance of the embedded line of the price channel of the daily chart and now intends to continue to grow to the MACD line on the daily. The Marlin oscillator on both graphs does not provide reversal signals. On the four-hour chart, the price is above the balance lines (indicator red) and MACD (blue). A target of 1.2840 is open.

Exchange Rates 24.06.2019 analysis

Exchange Rates 24.06.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
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