Main Quotes Calendar Forum
flag

FX.co ★ GBP/USD forecast on 24 March, 2022

parent
Forex Analysis:::2022-03-24T15:17:55

GBP/USD forecast on 24 March, 2022

GBP/USD forecast on 24 March, 2022 outlook doesn't provide any directional clues. In order to attract bulls, GBP/USD needs to reclaim 1.3200 (psychological level, Fibonacci 50% retracement of the latest downtrend) and start using that level as support. In that case, the pair could regain its traction and eye 1.3250 (Fibonacci 61.8% retracement) and 1.3300 (psychological level, weekly high).

On the downside, key support aligns at 1.3160 (Fibonacci 38.2% retracement, 100-period SMA on the four-hour chart). With a four-hour close below that level, 1.3100 (psychological level) could become the next bearish target.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...