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19.09.2022 05:34 AM
Forecast for GBP/USD on September 19, 2022

GBP/USD hit the the target level of 1.1385 on Friday. Today is a holiday in the UK, so there is little chance that a similar scenario will be repeated. But if it happens, the pair will reach the target level of 1.1305.

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So far, the quote is nearing the area of the Marlin oscillator, which may result in a rise to 1.1648 or a long correction. If a convergence does not happen, the pair will go under 1.1305 and head towards 1.1250, then climb to 1.083.

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In the four-hour (H4) chart, the pair is under the balance and MACD lines, which suggests that a correction to 1.1525 is still possible. And if the quote stays above the MACD line, the pair will grow further to 1.1648. But for now, the nearest target is a consolidation under 1.1385.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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