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27.06.201906:25 Forex Analysis & Reviews: Forecast for GBP/USD on June 27, 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

Over the past day, the British pound exchange rate has not changed a point to the current moment. Yesterday, the price channel line on the daily chart and the MACD line on the four-hour chart were strong resistance. On H4, the situation is completely decreasing, the Marlin oscillator remains in the growth zone. If we assume that when the neutral line touches the signal line, the Marlin signal line on the daily can turn around, then the available distance on the indicator is enough to reduce the price to the nearest target level of 1.2610 (minimum of August 15, 2018). The consolidation of the price below the level opens the way to a further decline – 1.2530, 1.2300/10 (November 2016 minimum).

Exchange Rates 27.06.2019 analysis

Exchange Rates 27.06.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
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