25.06.202407:15 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of GBP/USD Currency Pairs, Tuesday June 25, 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On the 4-hour chart, the main currency pair GBP/USD shows deviations in its price movement using the Stochastic Oscillator indicator, which gives an indication that in the near future there will be a strengthening of the Cable where the level of 1,2697 will try to be tested, but in the course of strengthening it could Of course, GBP/USD was corrected again, weakening down to level 1,2650, but as long as it does not broken below level 1,2632, GBP/USD still has the potential to continue strengthening up to level 1,2730 as the main target and if the momentum and volatility are supportive then 1,2777 will be the next target to achieved by GBP/USD in the near future.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.