FX.co ★ Forecast for GBP/USD on April 13, 2021

GBP/USD

Yesterday, the British pound gained 34 points, mainly due to the general slight weakening of the dollar. Forecasts for the latest important economic reports for England are not encouraging. Industrial production in February is expected to grow by only 0.5% against the previous fall of -1.5%, the trade balance for the same month is expected to deteriorate from -9.83 billion pounds to -10.40 billion pounds. And in the US, the March CPI may grow by 0.5%, and on an annualized basis to 1.5% from 1.3% a month earlier.

On the daily chart, the signal line of the Marlin oscillator reverses to the downside from the upper border of its own channel. The first target for the pound's decline is 1.3625, the second target is 1.3460.

On the four-hour chart, yesterday's surge in the price of oil reached the MACD line, the Marlin oscillator did not settle in the zone of positive values. We are waiting for the price to move down.