empty
 
 
11.04.2022 05:44 AM
Forecast for GBP/USD on April 11, 2022

The pound closed 38 points lower on Friday. The signal line of the Marlin Oscillator continues to develop in a not so broad consolidation, showing the intention to exit it to the downside. Overcoming Friday's low (1.2981) will push the price to move more decisively into the target range of 1.2853-1.2900. The boundaries of the range are determined by the lows of November 2020 and December 2019.

This image is no longer relevant

On the H4 chart, the price is falling below the balance indicator line. The MACD line has reversed, steadily developing a downward direction. The Marlin Oscillator is going down in the negative area. We are waiting for further decline of the British pound.

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