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19.10.202105:49 Forex Analysis & Reviews: Forecast for GBP/USD on October 19, 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.

The pound fell by 23 points on Monday, and in today's Asian session, the price growth has covered yesterday's decline. At the moment, the price is above the balance indicator line, the Marlin oscillator is rising in the positive area. The price is systematically moving towards the target of 1.3878 - to the embedded line of the price channel of the higher timeframe.

Exchange Rates 19.10.2021 analysis

On the four-hour timeline, the Marlin Oscillator turns up after the previous discharge. The price is noticeably higher than the balance and MACD indicator lines. The growth continues.

Exchange Rates 19.10.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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