FX.co ★ Forecast for GBP/USD on May 4, 2021

GBP/USD

Yesterday, the pound could not surpass the 1.3808 signal level and, along with other counter-dollar currencies, showed a correctional growth. Today, a second attempt to attack 1.3808 is possible, but the Marlin oscillator is in no hurry to overcome its zero line, so the action can be extended in two days.

The price reversed from the MACD line to the downside on the H4 chart. Marlin is entering the downward trend area. We are waiting for the price to fall further.