FX.co ★ Forecast for GBP/USD on March 26, 2021

GBP/USD

The British pound preferred to go into a correction slightly ahead of the general market. The price is already close to the target correction level of 1.3777 (lows on March 5 and February 12). If the price finds the strength to overcome it, then it may continue to rise to the level determined by the March 16 low of 1.3808. Upon completing the correction, falling to the target levels 1.3625 and 1.3460 is likely.

The Marlin oscillator has entered the growth zone on the four-hour chart, pushing the price to continue the correction. The MACD line is approaching the 1.3777 level, strengthening it. An exit above 1.3777 could extend the correction to 1.3808.