Forecast for GBP/USD on April 17, 2019

GBP/USD

On Tuesday, the pound sterling fell by 48 points, breaking the support of the MACD line of the daily scale. On the four-hour chart, the price has already consolidated below the indicator lines. The pound is not making much of an effort to gain a foothold below the lower limit of the range of 1.3030-1.3135. The signal line of the marlin oscillator on H4 is already in the declining trend zone. On the daily chart, the marlin did not move to the growth zone.

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So, we are waiting for the price to consolidate at 1.3030 and a further decline to 1.2840 - support for the embedded line of the price channel of the higher (weekly and monthly) timeframe.

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