Forecast for GBP/USD for June 14, 2019

GBP/USD

On Thursday, the British pound closed the day with a symbolic slide. The support of the MACD line on the four-hour chart was quite strong. Marlin oscillator signal lines on both graphs - daily and four-hour, show the neutrality of the current moment, any external fundamental factor can shift the balance in one direction or another. The next such event could be the release of data on industrial production and retail sales in the United States. Industrial production for May is expected to grow by 0.2%, retail sales for May with a forecast of 0.7%. Company inventories for April are expected to rise by 0.4%. We look forward to the pound's decline towards the previously set target of 1.2610 - the low of August 15, 2018. Consolidation below the level will form a condition for further medium-term decline.

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