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18.05.202106:15 Forex Analysis & Reviews: Forecast for GBP/USD on May 18, 2021

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

The British pound is growing ahead of the market. Yesterday the pair rose 0.27% against the growth of the dollar index by 0.09% and the euro's growth by 0.11%. The Marlin oscillator sharply turned upward within its own channel. The price went above the target level of 1.4150 and now a target range of 1.4244/77 is just ahead.

Exchange Rates 18.05.2021 analysis

The price is also in an upward position according to all indicators on the four-hour chart, the pair continues to grow.

Exchange Rates 18.05.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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