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17.05.202205:15 Forex Analysis & Reviews: Forecast for GBP/USD on May 17, 2022

Yesterday, the pound rose briskly by 54 points. The price goes to the target range of 1.2436/76 with the growing Marlin Oscillator. Yesterday, Bank of England Governor Andrew Bailey, speaking in the House of Commons before the Treasury Committee, gloomily described the prospects for inflation, which was understood by many market players as the central bank's intention to tighten policy.

Exchange Rates 17.05.2022 analysis

On a four-hour scale, the price settled above the balance and MACD indicator lines, Marlin is growing in the positive area. We are waiting for the price in the specified target range of 1.2436/76.

Exchange Rates 17.05.2022 analysis

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

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2022
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