empty
 
 

07.07.202204:56 Forex Analysis & Reviews: Forecast for GBP/USD on July 7, 2022

The price has formed a falling wedge chart pattern on the daily timeframe. A breakthrough of its lower boundary will prolong the decline in the medium term. Sometimes falling/rising wedges act as reversal patterns, but not this time as the UK is in the middle of a political crisis with several Boris Johnson cabinet ministers resigning yesterday, including Treasury Secretary Rishi Sunak. Minister of Education Nadim Zahavi has been appointed as the new Minister of Finance. At the same time, the index of business activity in the construction sector in June fell from 56.4 to 52.6. We are waiting for the pound to fall further to the target levels of 1.1800 and 1.1660.

Exchange Rates 07.07.2022 analysis

The signal line of the Marlin Oscillator has slightly reversed from the support line of its own descending channel. It is likely that today the price will not rush and outpace tomorrow's events, when important US employment data is released.

Exchange Rates 07.07.2022 analysis

The price continues to develop convergence with the Marlin Oscillator on the four-hour chart, which confirms the price's intention to spend today in consolidation.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Laurie Bailey,
Especialista em análise na InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Ferrari da InstaForex
    Faça um depósito em sua conta de pelo menos $1.000
    participe do concurso e ganhe Ferrari
    F8 Tributo
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Faça um depósito de $3.000 em sua conta e ganhe $1.000
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS
Não pode falar agora?
Faça sua pergunta no chat.