Forecast for GBP/USD on May 15, 2020

GBP/USD

Despite the strong intraday fluctuations of the British pound in the last four days, its quote goes lower and lower every day. Yesterday, the price consolidated below the MACD indicator line, the Marlin oscillator slightly fell in the negative trend zone. Immediate target at 1.1935 has become even more tangible.

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The price consolidated under the Fibonacci level of 161.8% on the four-hour chart. The pound is declining today in the Asian session. Marlin also unfolds in front of the border of the growth territory. We look forward to pulling down the British pound.

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