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FX.co ★ Forecast for GBP/USD on March 20, 2019

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Forex Analysis:::2019-03-20T07:23:07

Forecast for GBP/USD on March 20, 2019

GBP/USD

Yesterday, the British pound failed to reach a Fibonacci correction level of 110.0% at a price of 1.3321, the situation remained unchanged at the end of the day - the price still lies on the MACD four-hour chart, the double divergence with the Marlin oscillator did not change on a daily scale. On the four-hour chart, the marlin oscillator slightly entered the decline territory.

Consolidating the price below the signal level 1.3210 (high of January) opens up the possibility of a sharper fall to support the MACD line on the daily chart 1.3000.

Forecast for GBP/USD on March 20, 2019Forecast for GBP/USD on March 20, 2019

Analyst InstaForex
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