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23.02.2021 06:05 AM
Forecast for GBP/USD on February 23, 2021

GBP/USD

The pound reached the target level of 1.4070 on Monday, this morning it shows its intention to reach the next one - 1.4210. The Marlin oscillator is high, but does not show any intention to turn around, its lying in the horizon is now determined by the price delay at the 1.4070 level.

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Marlin also does not turn around on the four-hour timescale, although this seems to be the case. Rather, it grows in its own channel, marked in its window.

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So, we are waiting for the pound to rise to the target level of 1.4210. The target can also be set by the 1.4210/24 range, the upper level of which is determined by the low of May 2010.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
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