Forecast for GBP / USD pair on June 28, 2019

GBP / USD pair

The British pound closed on Thursday with a 15-point drop after turning down from the balance line on a daily scale chart. Fixing of the price under the price channel line happened two days ago and now, the price is fixed under the balance lines and MACD on the four-hour chart, technical pressure has increased. We consider the pound will move towards the target levels of 1.2610 and 1.2530 as the main scenario.

The price increase to the MACD line at 1.2807on the daily chart is possible after the price exits from yesterday's top at 1.2724. There is a 20% probability of such a development of events.

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The material has been provided by InstaForex Company - www.instaforex.com