Forex Analysis & Reviews: Forecast for GBP/USD on May 30, 2022

On the daily chart, the price has moved above the target level of 1.2637 with the rising Marlin Oscillator. Ahead of it is the target level of 1.2715. The MACD line is now below this level, but the price may slightly go above it even if it plans to turn down later. If the price consolidates above this level, then the growth may last up to 1.2970 - the path will become open.

On the four-hour chart, the price develops growth above the balance indicator line. The Marlin Oscillator turned up without reaching the border of the bears' territory. The rising trend is strong.

Analysis are provided by InstaForex

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