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FX.co ★ Forecast for GBP/USD on April 6, 2021

Forecast for GBP/USD on April 6, 2021

GBP/USD

Against the background of yesterday's weakening of the dollar, the pound gained 70 points, having reached the resistance of the MACD line on the daily chart. The Marlin oscillator slightly went above the zero line. Perhaps this is where the correction from the movement of February 24-March 25, which amounted to a little more than 38.2%, ends. If today is in the form of a black candle, then tomorrow you can open short positions for the pair while aiming for 1.3625.

Forecast for GBP/USD on April 6, 2021

Marlin is turning down on the H4 chart. To consolidate the reversal, it is advisable to wait for the price to move below the signal-target level of 1.3846 - below the March 29 peak.

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Forecast for GBP/USD on April 6, 2021

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