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FX.co ★ Forecast for GBP/USD on July 28, 2021

Forecast for GBP/USD on July 28, 2021

GBP/USD

The pound is growing ahead of the market. The Marlin oscillator broke into the zone of positive values on the daily chart, which helps the price to attack the MACD line around the 1.3925 mark.

Forecast for GBP/USD on July 28, 2021

The price's exit above this resistance opens a high target of 1.4240 – the high of February. The intermediate resistance is the level of 1.4069 - the high on February 26, 2018.

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Forecast for GBP/USD on July 28, 2021

The growth continues on the four-hour chart – the price is above the indicator lines, the Marlin oscillator is developing in the rising trend area.

The price could go back to a downward trend after it settles under the MACD line (1.3780).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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