FX.co ★ Forecast for GBP/USD on May 14, 2020

GBP/USD

The pound was pinned under the MACD indicator line on the daily chart yesterday, and now the price tends to be even lower, under the Fibonacci level of 161.8%. The Marlin is falling in the zone of negative values, the nearest target of 1.1935 at the Fibonacci level of 200.0% is open.

The price is under both indicator lines on the four-hour chart, the Marlin oscillator is in the negative zone. It is possible to open short positions in the market with a target above 1.1935 and stop loss above 1.2255.