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Forecast for GBP / USD pair on May 14, 2019

GBP / USD pair

The decline of the British pound has become more confident. On Monday, the pound has lost 44 points, turning from the balance line and MACD on the four-hour chart. At the same time, the signal line of the marlin oscillator turned down from the zero line.

On the daily chart, the marlin indicator also began to decline from a short consolidation on the zero line. Currently, there is not a single signal for an increase on these two work schedules. We are waiting for the price in the previously designated target range of 1.2772-1.2814, which was formed by the minimum of February 14 and the maximum of December 31 of last year.

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