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FX.co ★ Forecast for GBP/USD on March 31, 2021

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Forex Analysis:::2021-03-31T03:37:27

Forecast for GBP/USD on March 31, 2021

GBP/USD

Yesterday, the pound fell by 22 points and so far nothing prevents it from falling to the nearest target level of 1.3625. Getting the price to settle below the level opens the second target of 1.3460.

Forecast for GBP/USD on March 31, 2021

The price settled below the balance line (red indicator) and the MACD line (blue indicator) on the four-hour chart. The Marlin oscillator has entered the negative area. We are waiting for the price to continue falling to the designated level of 1.3625.

Forecast for GBP/USD on March 31, 2021

Analyst InstaForex
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