Forecast for GBP/USD on September 22, 2021

GBP/USD

The pound closed Tuesday with a symbolic rise of 6 points, turning from the lower border of the rising price channel. The Marlin Oscillator turns up a bit. We expect that at today's Federal Reserve meeting, it will not be announced that the QE program will begin to be curtailed, which will lead to a weakening of the dollar and, accordingly, to an increase in the pound. The first target for growth (1.3792) is the closest embedded price channel line on the daily chart.

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On the 4-hour chart, Marlin predicts a more pronounced reversal, but these are only the earliest assumptions. Overcoming yesterday's high of 1.3692, which may coincide with the transition of the oscillator to the zone of positive values, will strengthen the initial preconditions.

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

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