FX.co ★ Forecast for GBP/USD on December 14, 2021

The British pound dropped 55 points yesterday, and it continues to fall this morning. Visually, this is a demonstration of the intention to overcome the target level of 1.3160 (December 8 low) and continue to move towards the 1.3012 level - this is the October 2019 high.

The price turned downward from the MACD indicator line on the four-hour chart, and this line was tested twice (arrows), and this is a pattern of further downward price movement. The Marlin Oscillator has entered the negative area. We are waiting for the development of the downward movement.