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GBP/USD Forecast for June 20, 2024

From forex24.pro

The Pound/Dollar GBP/USD currency pair continues to move as part of the development of growth and the formation of the bullish “Wolfe Wave” pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2724. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the instrument’s decline. At the moment, we should expect an attempt to develop the growth rate of the British Pound against the American Dollar and test the ... (full story)

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  • Category: Technical Analysis