FX.co ★ Forecast for GBP/USD on April 23, 2021

GBP/USD

Yesterday, the pound sharply fell, having worked out a three-day correction of 50% from the previous gain since April 12. The pound has been growing today since the session started, and the Marlin oscillator is also turning up. The growth target is the MACD line, which coincides with the target level of 1.3955. If the price surpasses this level, the second target will be the 1.4016 level - the high on March 4.

The price, with the support of the upward turning Marlin oscillator, is trying to rise above the MACD line on the four-hour chart. Consolidating above it will make it easier for the price to enter the trajectory of recovering growth.