On Monday, the British pound remained within the consolidation range from the first half of May, between 1.3253 and 1.3364 (range boundaries have been slightly adjusted). On the daily chart, the Marlin oscillator is pointing upward, indicating a potential extension of the consolidation phase.
A breakout above or below the range will determine the direction for the next several days. The main scenario remains unchanged — a decline toward 1.3090, followed by 1.2955. On Thursday, the Bank of England will announce its monetary policy decision, and the consensus forecast suggests a 25-basis-point rate cut.
On the four-hour chart, the price is held back from rising by the MACD line. The Marlin oscillator is beginning to turn downward. The price will likely continue moving sideways above 1.3253 until external pressure pushes it lower.
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.
আমাদের সাথে যোগাযোগ করুন 
