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FX.co ★ Forecast for GBP/USD on February 23, 2021

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.

Forecast for GBP/USD on February 23, 2021

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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Forecast for GBP/USD on February 23, 2021

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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