FX.co ★ Forecast for GBP/USD on March 25, 2021

GBP/USD

The pound continued to fall on Wednesday. The 1.3625 target level is still far, this morning the price is 60 points away. But the signal line of the Marlin oscillator begins to turn to the upside, and it is still unknown whether the impending correction will take place without reaching the target level. But in any case, the depth of the correction is no higher than 1.3777 - the March 5 low.

The Marlin oscillator is turning more confidently on the four-hour chart. To consolidate the reversal moment from the current levels, it needs to go above the line of its own resistance. This will happen if the current candlestick closes white. If the current candlestick forms black, then the probability of reaching the 1.3625 target level will increase.