FX.co ★ Forecast for GBP/USD on April 9, 2021

GBP/USD

The British pound traded in a 70-point range on Thursday, closing the day at Wednesday's close. Yesterday did not affect the indicators' readings, and did not violate the general mood of the declining market. The signal line of the Marlin oscillator develops in its own downward channel. We are waiting for the price at the 1.3625 target level.

Yesterday's trading range on the four-hour timescale looks like a consolidation ahead of support at 1.3724, and this already increases the likelihood of surpassing it and declining further.

So, after the price settles below the support level of 1.3724, we are waiting for the GBP/USD pair to move to the first target level of 1.3625.