FX.co ★ Forecast for GBP / USD pair on February 8, 2019

GBP / USD pair

Yesterday, the British pound was trading in a solid range of 145 points, which confirmed the effectiveness of the price channel line on the daily chart as a high of the day. However, the upward trend has intensified. The Marlin oscillator signal line has moved to the growth zone on the four-hour chart. Apparently, the price channel line has once again withstood the pressure of price. In general, the downward trend remains and the Marlin indicator is in the zone of decline on the daily chart. A correction will be a breather for players to fall. The target level remains at 1.2784, at least on September 5 of last year. Leaving the price below the said level will open the target of 1.2617, which was the support for the embedded line of the price channel.