FX.co ★ Forecast for GBP/USD on May 28, 2021

GBP/USD

The British pound rose 86 points yesterday following Gertjan Vlieghe's speech, a member of the monetary policy committee, at the university. He said he was ready to vote for a rate hike next year if the economy shows good growth. Well, all the central banks have already called for a rate hike next year. The circle has closed, and now it's the Federal Reserve's turn again. The central bank's next meeting will be in Australia on June 1, then on June 10 in Europe, and only on the 16th in the United States. The first half of June will be extremely tense.

Vlighe's comment is unlikely to be able to change the opinion of investors and induce them to attack the 1.4244 level, we are waiting for the downward movement to return, to the nearest target of which is 1.4091 - yesterday's low, which is approaching the MACD line of the daily scale. The Marlin oscillator is also not set to rise.

The price went above the MACD line for a short time on the H4 chart, now it is trying to get back under it, and if the price succeeds, then the previous exit will become false and the price will confidently continue to move towards the designated target. Consolidating below the level opens the second target at 1.4004.