FX.co ★ Forecast for GBP/USD on June 27, 2019

GBP/USD

Over the past day, the British pound exchange rate has not changed a point to the current moment. Yesterday, the price channel line on the daily chart and the MACD line on the four-hour chart were strong resistance. On H4, the situation is completely decreasing, the Marlin oscillator remains in the growth zone. If we assume that when the neutral line touches the signal line, the Marlin signal line on the daily can turn around, then the available distance on the indicator is enough to reduce the price to the nearest target level of 1.2610 (minimum of August 15, 2018). The consolidation of the price below the level opens the way to a further decline – 1.2530, 1.2300/10 (November 2016 minimum).