26.02.202007:02 Forex-elemzések és áttekintések: Forecast for GBP/USD on February 26, 2020

GBP/USD

The British pound worked out the target range of 1.3000/35 yesterday. On the daily chart, the signal line of the Marlin oscillator touched the resistance of the turquoise line of its own resistance. The price is stuck on the balance line. The probability of the price working off the trend line at the price of 1.3035 is still preserved.

On the four-hour chart, the Marlin line is in no hurry to turn around, which creates the possibility of another price movement up to 1.3035. But in general, the correction took place, you still have to wait for conditions to form for opening short positions. The first sign will be to consolidate the price below the high on February 21. The signal will be fixed by the price going under the MACD line (1.2940). In this case, we are waiting for the pound at the first target 1.2842 – at the Fibonacci level of 110.0% and then at 1.2758 – at the level of 123.6%.