Forex: (GBP) British Pound - What's Possibly Ahead GBP/USD?

"Private investors will be required to increase their gilt exposure by at least £268bn in FY2023-24"

Relevance up to 04:00 2022-08-17 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

As a result of Monday, the British pound fell by 79 points, passing under the indicator balance line, which empirically shifts the players' interest mainly in short positions.

 

Exchange Rates 16.08.2022 analysis

 

The price is systematically approaching the nearest support at 1.1970 - the MACD line of the daily scale. The Marlin Oscillator has crossed the border with the territory of the downward trend, the downward movement continues. The second target is the level of 1.1800.

 

Exchange Rates 16.08.2022 analysis

 

The price settled below the balance indicator line on the four-hour chart, Marlin is falling in negative territory. We are waiting for a further slow decline in the pound.

 

Read more: https://www.instaforex.eu/forex_analysis/318973

"Private investors will be required to increase their gilt exposure by at least £268bn in FY2023-24"

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