empty
 
 
22.03.2021 05:17 AM
Forecast for GBP/USD on March 22, 2021

GBP/USD

The pound lost more than 50 points last Friday, and this morning the price even opened below the MACD indicator line, which is a sign of further downward price movement in the medium term. But since the opening, the price has formed a downward gap, which still needs to be closed as soon as possible, so as not to return to it later. The1.3625, 1.3400 targets are open.

This image is no longer relevant

The price is also below the MACD line and the Marlin oscillator is in a downward position on the four-hour chart - a short-term downward trend. And in order not to break it, the gap should be closed as soon as possible. We are waiting for this technical process to be completed (around 1.3880) and the pound to weaken further.

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