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23.06.2025 04:56 AM
GBP/USD Forecast for June 23, 2025

GBP/USD

The British pound opened the new week with a downward gap, which still preserves bullish optimism. There remains potential for the price to return above the resistance level at 1.3433, thereby keeping the previous target at 1.3635 valid.

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However, the Marlin oscillator remains in negative territory, making a quick reversal unlikely. On the H4 chart, the price clearly intends to break above the 1.3433 resistance, yet the Marlin oscillator still has not exited its descending zone.

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A breakout above the MACD line at 1.3490 will be the main confirmation of a bullish reversal. By that time, Marlin is also expected to move into positive territory.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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