Forecast for GBP/USD on October 21, 2021

GBP/USD

The British pound continues to grow steadily to the nearest embedded line of the price channel around 1.3883. The Marlin Oscillator begins to reverse downward, which may mean preparations for a correction. It can take place from the specified target level. Consolidating above it will allow the price to rise even higher, to the level of 1.4000 - to the highs of March 2021.

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On the four-hour scale, the Marlin Oscillator is increasingly pressing against the zero line. But so far the general trend is still growth, which allows the price to continue to rise.

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

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