empty
 
 
06.04.2021 05:51 AM
Forecast for GBP/USD on April 6, 2021

GBP/USD

Against the background of yesterday's weakening of the dollar, the pound gained 70 points, having reached the resistance of the MACD line on the daily chart. The Marlin oscillator slightly went above the zero line. Perhaps this is where the correction from the movement of February 24-March 25, which amounted to a little more than 38.2%, ends. If today is in the form of a black candle, then tomorrow you can open short positions for the pair while aiming for 1.3625.

This image is no longer relevant

Marlin is turning down on the H4 chart. To consolidate the reversal, it is advisable to wait for the price to move below the signal-target level of 1.3846 - below the March 29 peak.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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