25.05.202204:47 Forex Analysis & Reviews: Forecast for GBP/USD on May 25, 2022

Yesterday, the pound reached the upper limit of the target range at 1.2436/76 with the lower shadow of a daily candle. The Marlin Oscillator is set for a reversal, so we are waiting for the price to work out the lower border of the range and then exit it down to the target level of 1.2250.

Exchange Rates 25.05.2022 analysis

On the four-hour chart, the Marlin Oscillator has consolidated in the downward territory - in the zone of negative values. The MACD indicator line is approaching the level of 1.2436, strengthening it. Accordingly, after the price overcomes this level, the quote may sharply fall.

Exchange Rates 25.05.2022 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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