For Traders

Analytical Reviews

Technical analysis

21.06.202205:14 Forex Analysis & Reviews: Forecast for GBP/USD on June 21, 2022

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.

On Monday, the British pound took advantage of the general short-term market recovery trend and rose by 35 points.

This morning the growth continues, while the target is the 1.2436/76 range, which has already been penetrated by the MACD indicator line. The Marlin Oscillator is preparing a second attempt to overcome the border with the growth territory.

On the four-hour chart, the price settled above the MACD line and above the target level of 1.2250. The Marlin Oscillator is growing in the positive area. The trend is up, the 1.2436/76 target range is preparing for defense.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.