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Monday, May 19, 2025

GBP/USD Forecast for May 20, 2025

May 19, 2025 0 comments

GBP/USD Forecast for May 20, 2025

The British pound closed Monday with an 81-pip gain. The price consolidated above the 1.3311 resistance level and is now heading toward 1.3433.

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A breakout above this level opens the path toward 1.3565, which marks the upper boundary of the ascending price channel. The Marlin oscillator has secured a position in the positive territory, confirming an upward trend.

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On the four-hour chart, the price is moving above 1.3311, above both indicator lines, supported by a rising Marlin oscillator. A bullish reversal of the MACD line is a strong sign of continued medium-term growth.

The material has been provided by - RobotFX

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