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30.06.2022 04:31 AM
Forecast for GBP/USD on June 30, 2022

The US dollar attacked all types of exchange values yesterday: the dollar index added 0.57%, the S&P 500 stock index -0.03% (Russell 2000 -1.12%), oil -1.99%, yield on 5-year US government bonds decreased from 3.23% to 3.14%.

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Investors are moving away from risk, and against this background, the British pound fell 0.51% (-61 points) yesterday. There is not much left to reach the 1.2073 target level, and after overcoming it, the downward trend is likely to continue to the round target of 1.1800.

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On the four-hour chart, the price has settled below the MACD indicator line, the Marlin Oscillator is moving down in negative territory - in the zone of a downward trend. We are waiting for the price to settle under the level of 1.2073 and further downward movement.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
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