Forecast for GBP/USD on September 7, 2021

GBP/USD

Yesterday, the British pound fell 32 points on the back of a general weakening in counterdollar currencies. The balance indicator line on the daily scale serves to limit the decline. The price is growing in today's Asian session, the first target is the nearest line of the price channel at 1.3898. Overcoming the level opens a second target also along the embedded price channel line in the area of 1.4022.

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On the four-hour chart, the signal line of the Marlin Oscillator is reversing upward from the zero neutral line. The upward movement of the British pound continues.

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

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