Forecast for GBP/USD on April 3, 2019


In a moment, the British pound lost around 90 points yesterday, but the fixation below the MACD line on the daily scale did not happen, the price went above the balance line (red indicator) and stopped in thought before a strong consolidation range of March 22-28 of 1.3158-1.3244. In the short term, the price was in this range from January 25-28 and October 10-17 last year, from which it sharply fell down.


On the four-hour chart, the price is above the MACD line and is trying to go above the balance line. The Marlin oscillator is in the area of growth. It is possible that the price will enter the specified range of 1.3158-1.3244, but from it we expect the price to turn down and further decline to 1.2864 – support for the embedded line of the price channel of the daily, and in fact weekly chart.


The material has been provided by InstaForex Company -