empty
 
 
26.07.2022 05:14 AM
Forecast for GBP/USD on July 26, 2022

Yesterday, the British pound made the first attempt to break above the MACD indicator line on a daily scale. This morning, the pound is more confidently going above this resistance, approaching the target level of 1.2100. Surpassing the level opens the 1.2230 target. Consolidating above 1.2230 may extend the price growth to the level of 1.2435.

This image is no longer relevant

The Marlin Oscillator is actively growing in the positive area, instilling optimism in the bulls. Of course, it is possible that the price will not be able to overcome the strong level of 1.2100, and then Marlin's exit above the zero neutral line will become false, and the price will turn towards 1.1800.

This image is no longer relevant

The price is completely in an upward position on the H4 chart, since its local growth occurs above both indicator lines and the Marlin Oscillator develops in the positive area. A signal for the development of growth will be the price consolidating above the level of 1.2100. The absence of a signal can turn the price in the opposite direction.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback