Forecast for GBP/USD on March 4, 2021
Yesterday, the British pound briefly jumped above the target range of 1.3950/65 and returned below its lower bound. The price continues to moderately decline at the moment. The Marlin oscillator is preparing to move into the negative zone, which will strengthen the decline to the first target level 1.3822. Then we wait for the quote at the MACD line in the 1.3727 area – in the accumulation range of the last decade of January.
The Marlin oscillator is already in the downward trend zone on the four-hour chart, we are waiting for a succeeding decline from the pair.
The material has been provided by InstaForex Company – www.instaforex.com