Forecast for GBP/USD on June 29, 2020



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

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