Forecast for GBP/USD on March 22, 2021

GBP/USD

The pound lost more than 50 points last Friday, and this morning the price even opened below the MACD indicator line, which is a sign of further downward price movement in the medium term. But since the opening, the price has formed a downward gap, which still needs to be closed as soon as possible, so as not to return to it later. The1.3625, 1.3400 targets are open.

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The price is also below the MACD line and the Marlin oscillator is in a downward position on the four-hour chart - a short-term downward trend. And in order not to break it, the gap should be closed as soon as possible. We are waiting for this technical process to be completed (around 1.3880) and the pound to weaken further.

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The material has been provided by InstaForex Company - www.instaforex.com

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