Analytical Reviews

Forexmart's analytical reviews provide up-to-date technical information about the financial market. These reports range from stock trends, to financial forecasts, to global economy reports, and political news that impact the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Forecast for GBP/USD on July 5, 2024
22:15 2024-07-04 UTC--5

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.

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.

analytics6687606f87511.jpg

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.


    






コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2025 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.