FX.co ★ Forecast for GBP/USD on May 31, 2022

Yesterday, the British pound made great efforts to stop a strong rising trend - trading volumes, given that it was a holiday in the US, were high - investors repositioned at the target level of 1.2637. The daily Marlin Oscillator turned down. If there are no external obstacles in the coming days, the price will enter the range of 1.2436/76.

The Marlin Oscillator has entered negative territory on the 4-hour chart. Now the price intends to overcome the support of the MACD line at 1.2568, and then the road to the target range of 1.2436/76 will be free.