FX.co ★ Forecast for GBP/USD on April 12, 2021

GBP/USD

The pound was down 25 points last Friday in line with our baseline scenario of going to 1.3625 and further to 1.3460. The Marlin oscillator is moving in its own downward channel. Before the lower border is reached, the price has a reserve of about 2.5 figures.

The price went down from Thursday's range on the H4 chart, settling below the 1.3724 level. The situation is completely downward on both charts, therefore, we are waiting for the price to fall even further.