logo

FX.co ★ Forecast for GBP/USD on June 23, 2022

Forecast for GBP/USD on June 23, 2022

The British pound traded in a range of 155 points on Wednesday, closing the day with a black candle of 13 points just above the target level of 1.2250. This morning, the price breaks below this level, which looks quite plausible after the previous two-day consolidation.

Forecast for GBP/USD on June 23, 2022

The Marlin Oscillator is moving sideways in the downward trend territory. The 1.2073 target remains relevant.

On the way to 1.2073, the price is waiting for a moderately strong support at 1.2177 – the MACD indicator line on a four-hour scale.

See also: Start Forex trading with a deposit starting from 1 USD.
Forecast for GBP/USD on June 23, 2022

Yesterday, the price failed to settle below it, today, such an attempt is likely to follow. This plan will be violated if the price goes above Tuesday's high at 1.2323, and then the growth may continue to the target range of 1.2436/76.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account