FX.co ★ Forecast for GBP/USD on March 11, 2022

GBP/USD was the only currency pair that did not make false movements yesterday following the meeting of the European Central Bank. It fell by 95 points, clearly defining the targets 1.2853-1.2900.

In the four-hour chart, the pair went under 1.3115 this morning, with the Marlin oscillator going into the bearish area.

Most likely, it would continue dipping today as the data on the UK trade balance for January will be released, and many expect it to show a decrease from 12.3 billion to 12.6 billion.