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04.07.201907:03 Forex Analysis & Reviews: Forecast for GBP/USD on July 4, 2019

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GBP/USD

Yesterday, the pound sterling had to trade in the range of 42 points in anticipation of today's respite in connection with Independence Day in the US and important Friday employment data. On the four-hour chart, the Marlin oscillator signal line, as before, is staying in a lengthy consolidation. Today, we do not expect strong movements in the pair, movement in the range of yesterday looks organic. In any case, the level of 1.2610 appears like a quite strong resistance for a thin market. Economic data in the UK will not be released today. The trend on both charts for all indicators remains declining, there are no reversal signs.

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