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05.07.202405:15 विदेशी मुद्रा विश्लेषण और समीक्षा: Forecast for GBP/USD on July 5, 2024

GBP/USD

Following the broad market movement on Thursday, the British pound rose above the resistance level of 1.2745 and the daily balance line. Meanwhile, the Marlin oscillator has entered the upward trend territory. The next target is 1.2826.

Exchange Rates 05.07.2024 analysis

Everything seems positive, but today the U.S. labor data will be released, which could disrupt the upward movement. For this to happen, risk-off sentiment must prevail. We will learn more in the evening. On the 4-hour chart, the price is rising above the level of 1.2745.

Exchange Rates 05.07.2024 analysis

The Marlin oscillator does not support this growth, creating the risk of a price reversal. If the price consolidates below 1.2745, the first support will be the former resistance area from June 18-19 around 1.2705/10. After that, we expect the price to fall to the MACD line around 1.2680, which coincides with the May 30 low.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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