empty
 
 
24.02.2022 05:41 AM
Forecast for GBP/USD on February 24, 2022

The pound fell by 39 points yesterday. The daily candle opened and closed below the balance indicator line, the Marlin Oscillator is falling in the negative area. Now we expect the price to overcome the nearest target level of 1.3513 and fight against the MACD line in the area of 1.3480. Success will allow the bears to continue moving towards the 1.3323 target. The intermediate weak level is 1.3450, there may be a delay here.

This image is no longer relevant

There is a steady decline on the H4 chart. The Marlin Oscillator is turning up a bit, which means the price is held up near the first target level (1.3513). Consolidation below it will prepare the pound for the main fight against the level of 1.3480.

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 $9000 more!
    In May we raffle $9000 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