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02.07.202104:45 Forex Analysis & Reviews: Forecast for GBP/USD on July 2, 2021

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GBP/USD

Yesterday, the British pound showed the largest decline among the world's leading currencies - 63 points. The price settled below the target level of 1.3800 and now seeks to reach the target range of 1.3646/70, created by the lows of March and April 2021 and the January-February support of the current year as well.

Despite the sharp decline from yesterday, the Marlin oscillator continued its sideways trend on the four-hour chart, which created the potential for a strong downward price movement. We are waiting for the development of today's events - the release of US labor data and the market's reaction to them.

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