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28.04.202105:41 Forex Analysis & Reviews: Forecast for GBP/USD on April 28, 2021

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GBP/USD

Yesterday, the British pound showed range, trading more than 60 points and ended the day with insignificant growth. It is actively declining in today's Asian session, reaching the level of last week's close. Just like yesterday, the technical picture is such that if the price moves below the 1.3823 signal level (April 22 low), the first bearish target at 1.3610 will open - the January 26 and February 2 lows.

The Marlin oscillator reversed from the border of the growth area on the H4 chart. The price broke through the support of the MACD line.

Despite the prevailing idea in the media about the Federal Reserve's intention to verbally continue the softening policy and thereby weaken the dollar, the markets are preparing for the opposite scenario - for increased verbal pressure on counterdollar currencies.

In order to develop growth, the price must go above the daily MACD line, above the 1.3955 level.

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