empty
 
 
24.03.2021 06:04 AM
Forecast for GBP/USD on March 24, 2021

GBP/USD

The pound lost 110 points yesterday, gaining a foothold below the MACD indicator line on the daily chart. The price has reached the consolidation range, but it looks like it will try to pass it, reaching the lower border of the range in the area of the 1.3625 target level. By this time, the Marlin oscillator will enter the oversold zone and it will be more convenient for the price to develop a correction from this very level.

This image is no longer relevant

The Marlin oscillator has slowed the pace of its decline on the four-hour timeline. Now it may take around two days for it to reach 1.3625. We are waiting for investors to take profit on short positions in the afternoon, since Friday is a holiday in Europe and America.

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 $1000 more!
    In April we raffle $1000 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