empty
 
 
01.06.2020 04:51 AM
Forecast for GBP/USD on June 1, 2020

GBP/USD

The pound could not gain a foothold over the signal level of 1.2362 last Friday, it only did so in the morning. The 1.2422 target for the Fibonacci level 138.2% on the daily chart, obviously, will be taken, consolidating above it on the lower timeframe will allow the price to continue rising to the second target of 1.2540 - to the Fibonacci level 123.6%. The Marlin oscillator is optimistically growing in the positive trend zone.

This image is no longer relevant

The price consolidated above the signal level of 1.2362 on the H4 chart this morning, the signal line of the Marlin oscillator is growing after a Friday reversal from the boundary with the territory of the negative (decreasing) trend.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback