Forecast for GBP/USD on March 25, 2019


On Friday, the pound sterling grew by 85 points thanks to a slight delay of 2 weeks, which was given by the EU to Theresa May for solving internal problems with Parliament concerning Brexit. Of course, this is psychological growth, especially at the end of the week, at the closing of positions. The four-hour MACD line stopped this growth. At the moment, the marlin oscillator signal line is located near the boundary of the growth territory, a synchronous reversal of the price and a downward turn of this oscillator is likely.

The target for a decline is the MACD line of the daily scale in the area of 1.3018. Next, the goal of supporting the daily channel price line at 1.2884 is opened.


The material has been provided by InstaForex Company -