FX.co ★ Forecast for GBP/USD on July 15, 2021

GBP/USD

Yesterday, the British pound rose by 47 points, this morning it is losing more than 30 points. The 1.3800 target level has already become close. Surpassing the level opens the next target at 1.3670 (April 9 low). The Marlin oscillator begins to turn down without leaving the downward trend area.

Marlin is already in the negative zone on the four-hour chart. The price accelerates to overcome the support of the MACD line. The price will have to settle below 1.3800 and (according to the main scenario) continue to decline.