Forecast of GBP/USD pair on June 7, 2024

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07.06.2024 08:00 AM




GBP/USDAs of yesterday, the British pound rose by 4 points. It seems intent on forming a double divergence with the Marlin oscillator, which needs to reach the target level of 1.2826. If the pound fails to achieve this, a drop below 1.2745 will signal the beginning of further weakening towards the daily MACD line at 1.2638. Consolidation above 1.2826 will delay the reversal indefinitely, potentially leading to growth toward the resistance at 1.2940.On the four-hour chart, the price has pierced




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