FX.co ★ Forecast for GBP/USD on June 29, 2022

The British pound turned down from the balance indicator line on Monday, then the decline intensified on Tuesday, and the price went under the support level of 1.2250, today the price is faced with the task of building on success in advancing to the target level of 1.2073. When this task (according to the main scenario) is completed, the 1.1800 target will become accessible.

On the four-hour chart, the price settled below the level of 1.2250, the price is getting ready to fight against the support of the MACD line (1.2148). It is helped by the Marlin Oscillator, which has already gained a foothold in the bears' territory.