See also
02.06.2025 04:30 AMThe British pound gradually reversed from the support level of 1.3433 reached on May 29. Starting the day with optimistic growth (the quote has already exceeded Friday's and Thursday's opening levels), it is now heading toward the magnetic point formed by the target level at 1.3635 and the price channel line.
Further growth is possible toward the upper boundary of the price channel around the 1.3790 mark or slightly higher — to the target level at 1.3834 (the peak of October 2021).
The price has moved back above the MACD line on the four-hour chart after a false breakout below it on Friday.
The Marlin oscillator has not yet exited the negative zone but is close to doing so and is likely to join the upward trend today, supporting the price.
The alternative scenario would be a consolidation below the 1.3433 level and a continuation of the decline toward 1.3311.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
