FX.co ★ Forecast for GBP/USD on December 30, 2020

GBP/USD

The British pound gained 50 points yesterday, but this growth is not supported by the Marlin oscillator, which has already formed a triangle and is ready to leave it. The structure of the triangle of five formed branches suggests a breakdown of the oscillator to the downside. If nothing unexpected happens, then we are waiting for the price to reach the support of the MACD line in the 1.3270 area. But by January, of course.

The four-hour chart shows that the price is rising above the balance and MACD indicator lines, the Marlin oscillator just as sluggishly (as on the daily chart) follows the price. If the price falls under the MACD line, below 1.3465, this will entail a shift of the oscillator to the negative area. This will be the first signal to attack the target level of 1.3270.