FX.co ★ Forecast for GBP/USD on February 22, 2022

Yesterday, the pound left the upper daily shadow above the target level of 1.3606 for the third consecutive time. It ended the day below it, and this morning it fell towards the target level of 1.3513 (high on November 18). But visually, the priority goes to the level of 1.3486 – this is the low of February 15, which coincides with the MACD indicator line on a daily scale. The Marlin Oscillator continues to form a bearish reversal pattern (marked with arrows).

On a four-hour scale, the price went under the MACD line, and the Marlin Oscillator penetrated into the territory of a downward trend. We are waiting for the development of a downward movement.