Forecast for GBP/USD on June 21, 2021


Last Friday, the pound passed the entire range of the target levels worth 118 points in just a day, reaching the low of May. Now the next target is open - the 1.3646/70 range - the area of the lows of March and April of the current year. The Marlin oscillator is rapidly declining, giving a weak sign of growth in a likely consolidation.


The Marlin oscillator also slightly turned up on the four-hour chart. We are waiting for the price to consolidate above the level of 1.3800 and advance further to the specified range of 1.3646/70.


The material has been provided by InstaForex Company -