FX.co ★ Forecast for GBP/USD on February 14, 2022

The British pound has been hovering between the target levels of 1.3513 and 1.3606 for almost two weeks. The Marlin Oscillator has been moving horizontally all this time, but in the downward trend zone. This circumstance indicates a high probability of the price's attempt to try and strengthen the support of the MACD line (1.3460), even if it plans a medium-term growth. Consolidating under the MACD line will still cancel this potential plan, the target will be the level of 1.3312.

The price is below the balance indicator line on the four-hour chart, the Marlin Oscillator has again returned below the zero line. The intention to go under the lower border of the range 1.3513 is clearly manifested. The only question is whether there will be consolidation under the level, because it coincides with the MACD line, which strengthens it. Breaking this level will greatly invigorate the bears in the fight against the MACD line on the daily timeframe (1.3460).