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04.05.2021 05:59 AM
Forecast for GBP/USD on May 4, 2021

GBP/USD

Yesterday, the pound could not surpass the 1.3808 signal level and, along with other counter-dollar currencies, showed a correctional growth. Today, a second attempt to attack 1.3808 is possible, but the Marlin oscillator is in no hurry to overcome its zero line, so the action can be extended in two days.

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The price reversed from the MACD line to the downside on the H4 chart. Marlin is entering the downward trend area. We are waiting for the price to fall further.

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Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
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