Forex Analysis & Reviews: Forecast for GBP/USD on September 6, 2021

GBP/USD
The British pound hit the first target (1.3883) on Friday. Now it should rise above this level, settling above it, and continue to rise to the second target at 1.4004, also determined by the embedded price channel line. The Marlin oscillator is rising, helping the price meet this target.

The trend is fully upward on the four-hour chart: the price is above the balance and MACD indicator lines, the Marlin oscillator is in the growth zone. We are waiting for the price to settle above the level of 1.3883 and its further growth.

Analysis are provided by InstaForex