Forecast for GBP/USD on June 4, 2024

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04.06.2024 05:35 AM

GBP/USDYesterday, the pound posted strong gains (exceeding 60 pips) on mixed US and Europe PMI data. The market is likely in a rush to form a technical divergence in order to change into a medium-term decline below 1.2300.The price may not reach the target level of 1.2826, it may surpass this mark, but the main turning point will be the timing – Thursday – the European Central Bank's rate decision. If the main scenario is disrupted and the market goes

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