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02.04.202105:31 Forex Analysis & Reviews: Forecast for GBP/USD on April 2, 2021

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GBP/USD

Yesterday, the British pound along with the entire market correctively grew against the dollar. With this growth, it returned to the March 29 peak and is now considering further actions: whether to continue the growth until the release of the US employment data, or stop there, or wait for the general sentiment with the release of the report. The Marlin oscillator is ready for any scenario on the daily chart, that is, it can reach the border of the growth area, or turn down almost reaching it, as is often the case with the release of strong news.

A weak price divergence with an oscillator has formed on the four-hour chart. Such a signal is enough to complete corrective movements. The pound will finally settle in the downward trend, its departure under the MACD line, below 1.3770. Targets for the decline are 1.3625, 1.3460.

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