Forecast for GBP/USD on October 19, 2021

The pound fell by 23 points on Monday, and in today's Asian session, the price growth has covered yesterday's decline. At the moment, the price is above the balance indicator line, the Marlin oscillator is rising in the positive area. The price is systematically moving towards the target of 1.3878 - to the embedded line of the price channel of the higher timeframe.

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On the four-hour timeline, the Marlin Oscillator turns up after the previous discharge. The price is noticeably higher than the balance and MACD indicator lines. The growth continues.

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

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