Forecast for GBP/USD on June 29, 2020

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GBP/USD

The British pound lost 84 points last Friday, breaking one of the bearish signal levels (1.2388). The next target at 1.2233 is now open before the price – the Fibonacci level on the daily chart.

The price is falling under both indicator lines on the H4 chart – the red balance line and the blue MACD line. The Marlin oscillator is in the decline zone. We are waiting for a downward trend to develop to the designated goal.

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The material has been provided by InstaForex Company – www.instaforex.com

Source:: Forecast for GBP/USD on June 29, 2020

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