FX.co ★ Forecast for GBP/USD on March 30, 2021

GBP/USD

The pound aggressively rose above the signal level yesterday, but the breakout turned out to be false - the day closed with a black candle below it. The Marlin oscillator did not repeat this movement after the price, and now the potential for decline is developing towards the target of 1.3625 (peak on December 17, 2020).

The price is currently staying below the MACD line on the four-hour chart. The Marlin oscillator is still in the zone of positive numbers, but when the price goes below yesterday's low (1.2755), it will try to overcome the border of the decline area.