Forecast for GBP/USD on June 14, 2021

GBP/USD

In Friday's fall, the pound pierced the support of the MACD indicator line on the daily chart with a lower shadow, and today the market opening was below it. This is a sign of further price declines. The Marlin oscillator has reversed from its own zero line separating the growth zone from the decline zone and is now deepening below. The goal of further movement of 1.1004 is the low on May 13 and the high on March 12.

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On the four-hour chart, the price has completed a false exit above the MACD line for the fifth time in a row. Taking into account the situation on the daily scale, this was probably the last time, now the MACD line at 1.4142 looks even stronger.

The Marlin oscillator is in its lower half, we are waiting for the development of a downward movement.

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

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