FX.co ★ Forecast for GBP / USD pair on June 4, 2019

GBP / USD pair

Under pressure from the general weakening of the dollar (-0.53%), the sterling pound on Monday added 34 points. Convergence on the daily chart is developing, the price has risen above the resistance level of 1.2660 at least last August. The goal of growth is the line of resistance at 1.2756 on the daily channel price chart.

On the four-hour chart, the price fixed above the balance line (red indicator) and MACD line (blue indicator). Also, the price made a test of the MACD line yesterday after preliminary output above it, which is a sign of further growth. The Marlin oscillator signal line is in the growth zone. We are waiting for the price at the designated target of 1.2756.