FX.co ★ GBP/USD Forecast for February 13, 2025

Yesterday, the British pound traded in a range of over 100 pips, closing the day nearly at its opening level. The MACD line on the daily timeframe acted as support, from which the price rebounded, successfully closing above both indicator lines.

The Marlin oscillator is moving sideways but remains in the positive zone. The first target for growth is set at 1.2500, and a consolidation above this level will pave the way to the second target at 1.2616.

On the four-hour chart, the price is still struggling to break through the MACD line, although it is making progress. The balance line, above which the price is currently developing, along with the Marlin oscillator in the positive area, supports this. A break above yesterday's high at 1.2482 will signify an attempt to surpass the first resistance level.