Forecast for GBP/USD on July 23, 2019

GBP/USD

On Monday, without waiting for the election of Boris Johnson as the head of the Conservative party and the prime minister, Finance Minister Philip Hammond and Deputy Foreign Minister Alan Duncan have resigned. The name of the new prime minister should be announced today, which obviously has a negative impact on the British pound.

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On the daily chart, the price drops to a previously defined target of 1.2290 - nothing hinders the price in supporting the price channel line.

On the four-hour chart, last night , the price touched the MACD line and today, apparently, it will go below it (1.2455). Yesterday, the signal line of the Marlin oscillator moved to the zone of negative numbers, to the zone of declining trend.

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