FX.co ★ Forecast for GBP/USD on February 24, 2022

The pound fell by 39 points yesterday. The daily candle opened and closed below the balance indicator line, the Marlin Oscillator is falling in the negative area. Now we expect the price to overcome the nearest target level of 1.3513 and fight against the MACD line in the area of 1.3480. Success will allow the bears to continue moving towards the 1.3323 target. The intermediate weak level is 1.3450, there may be a delay here.

There is a steady decline on the H4 chart. The Marlin Oscillator is turning up a bit, which means the price is held up near the first target level (1.3513). Consolidation below it will prepare the pound for the main fight against the level of 1.3480.