empty
 
 
07.07.2022 04:56 AM
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.

This image is no longer relevant

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.

This image is no longer relevant

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.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback