Forecast for GBP / USD pair on July 25, 2019

GBP / USD pair

With the appointment of Boris Johnson as the new British Prime Minister in the background, the sterling pound "for form" rose yesterday by 45 points but there are a lot of questions on Brexit, of course, the assumptions of consulting agencies and investment companies regarding further developments are many and different. In the current technical situation, the pound remains under pressure. On the daily chart, yesterday's candle with the upper shadow did not reach the balance line. The signal line of the Marlin oscillator turns around without leaving the negative zone.

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On the four-hour chart, the current candle breaks back below the indicator line of balance. Leaving prices under the MACD line at 1.2452 will create a signal for a further decline to the target line of 1.2280 on the daily price channel.

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