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23.03.202106:04 Forex Analysis & Reviews: Forecast for GBP/USD on March 23, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

GBP/USD

The British pound fulfilled its task yesterday, closing the gap since trading began on Monday and reversed from the resistance balance indicator line on the daily chart. The price is currently below the MACD indicator line. Marlin is going down, the 1.3625 target is open.

Exchange Rates 23.03.2021 analysis

The price returned to the area under the MACD line after a corrective growth and is now ready to fall further on the four-hour chart. Marlin is in a downward trend.

Exchange Rates 23.03.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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