empty
 
 
17.05.2022 05:15 AM
Forecast for GBP/USD on May 17, 2022

Yesterday, the pound rose briskly by 54 points. The price goes to the target range of 1.2436/76 with the growing Marlin Oscillator. Yesterday, Bank of England Governor Andrew Bailey, speaking in the House of Commons before the Treasury Committee, gloomily described the prospects for inflation, which was understood by many market players as the central bank's intention to tighten policy.

This image is no longer relevant

On a four-hour scale, the price settled above the balance and MACD indicator lines, Marlin is growing in the positive area. We are waiting for the price in the specified target range of 1.2436/76.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback