empty
31.03.2023 05:42 AM
Forecast for GBP/USD on March 31, 2023

After the pound settled above the MACD indicator line on the daily chart on Wednesday, it rose by 74 points on Thursday, and this morning, GBP reached the target level of 1.2420. The question about the possibility of overcoming this resistance and further growth to 1.2598 is rhetorical, of course.

This image is no longer relevant

The Marlin oscillator is reluctantly rising on the daily chart, its figure (flag) suggests an equal probability of an upward or downward breakthrough. In order to continue rising, the price has to settle above 1.2420, which may not happen before Monday. Falling below the MACD line (1.2282) will indicate the downward reversal.

This image is no longer relevant

On the four-hour chart, the price grows above the balance and MACD indicator lines. Considering the overall sideways range of the Marlin oscillator, the price may slightly fall from the reached resistance level, but if the price does not overcome the MACD line (1.2323), the reversal will not happen, the price can turn around to reach new local highs.

Laurie Bailey,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2025
ٹائم فریم منتخب کریں
5
منٹ
15
منٹ
30
منٹ
1
گھنٹہ
4
گھنٹے
1
دن
1
ہفتہ
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.