23.03.2023 04:56 AM
Forecast for GBP/USD on March 23, 2023

Yesterday, on the 1D chart, the candlestick pierced the MACD indicator line upwards. This morning, the price is trying to climb above the resistance and consolidate above it.

This image is no longer relevant

If it closes the day below the MACD line, below yesterday's closing level (1.2265), the bulls' forces will weaken, and the price can go back to 1.2155.

Settling above the MACD line will encourage the bulls, and they can push the price to the target level of 1.2420.

This image is no longer relevant

On the four-hour chart, the price has already moved above 1.2265. The Marlin oscillator has consolidated in the ascending trend area, reinforcing the price's growth. The main scenario is that the price will rise to 1.2420.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2023
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex always strives to help you
    fulfill your biggest dreams.
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 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.
  • 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.
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback