FX.co ★ Forecast for GBP/USD on May 18, 2021

GBP/USD

The British pound is growing ahead of the market. Yesterday the pair rose 0.27% against the growth of the dollar index by 0.09% and the euro's growth by 0.11%. The Marlin oscillator sharply turned upward within its own channel. The price went above the target level of 1.4150 and now a target range of 1.4244/77 is just ahead.

The price is also in an upward position according to all indicators on the four-hour chart, the pair continues to grow.