FX.co ★ Forecast for GBP/USD on March 15, 2023

The reversal signs we expected in the previous reviews are appearing, but very weakly. The first sign is when the price ended yesterday at 1.2155.

Today it also opened under this level, but now we (bears) need to close the day below 1.2155. The Marlin oscillator follows the price on the daily chart.

On the 4-hour chart, the price moves sideways to 1.2155, the Marlin oscillator decreases, here it is already indicating a possible reversal. Subsequently, we expect the gap to close at Monday's opening level and the price will go under the MACD line, which will mean that the price will fall in the medium-term.