FX.co ★ Forecast for GBP/USD on May 23, 2022

The British pound managed to break out of the 1.2436/76 range, and it did it with the active help of the Marlin Oscillator, which is now growing daily in the positive area. Now the price has two target levels: 1.2637 - the high of May 4 and 1.2730, which is approaching the MACD indicator line.

On the chart of a four-hour scale, the signal line of the Marlin Oscillator went above the line forming the convergence, which indicates its (convergence) breakdown and further upward movement of the oscillator and the price.