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Forecast for GBP/USD on May 30, 2019

GBP/USD

Under the overall pressure of the dollar, the British pound overcame the support of 1.2660 (at least August 15, 2018) yesterday and is now ready for further decline. On the four-hour chart, the price once again touched the MACD line, and resolutely went down, fixing itself under both indicator lines. The Marlin oscillator on H4 is developing in the area of reducing trends.

There are two goals in front of the price: 1.2530 – minimum on December 14, 2018, and 1.2388 – support of the price channel line of the weekly timeframe.

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