Forecast for GBP/USD on September 21, 2021

GBP/USD

On the chart of the daily scale, the pound shows an intention to reverse from the lower border of the price channel with the same intention of the Marlin Oscillator to turn upward in the zone of negative values. If tomorrow's Federal Reserve meeting turns out to be unfavorable for the dollar, that is, the continuation of the QE program will be announced and forecasts for the rates of FOMC members will be shifted deeper into time horizons due to the impending collapse in stock markets and the intensification of the coronavirus epidemic in the United States, then the pound will safely overcome the resistance of the indicator line MACD in the area of 1.3745 and will continue to rise to the embedded line of the price channel in the area of 1.3852.

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On the H4 chart, the reversal is not yet pronounced, but the signal line of the Marlin Oscillator begins a reversal quite abruptly, which is even small, but a sign of further growth. We are waiting for the development of events.

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The material has been provided by InstaForex Company - www.instaforex.com

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