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

The pound settled below the level of 1.1170, but is trying to return to it with the support of the Marlin Oscillator, which turned into negative territory and is approaching the border with the growth territory.

It is possible for the price and the oscillator to work out their resistances simultaneously and turn down. The first target at 1.0820 is the green line of the monthly price channel.

On the H4 chart, the price moves sideways directly along the MACD indicator line. Marlin also moves in a horizontal direction. The potential is more downward than upward. In any case, either with the development of 1.1170 or without it, we are waiting for the price at the target level of 1.0820.