Forecast for GBP/USD on April 25, 2019

GBP/USD

The pound sterling continues to decline under the pressure of the general strengthening of the US dollar. Yesterday, the pound lost 34 points. On the technical side, the situation remains the same - the price is decreasing smoothly below the balance lines and the MACD on the daily and H4 charts. The marlin oscillators, also on both graphs, have not yet penetrated deep into the zone of negative numbers, it will be possible to talk about going into the oversold zone approximately after the price reaches 1.2830/40, which will correspond to the achievement of the previously designated target of 1.2832. Perhaps the price will reach the range of 1.2772-1.2814.

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

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