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24.03.2025 05:20 AM
GBP/USD Forecast for March 24, 2025
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By Monday morning, the British pound had turned upward without reaching the target range of 1.2816/47, and the Marlin oscillator had also reversed to the upside without reaching the boundary of the downtrend zone.

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On the H4 chart, the first candle of the day has engulfed Friday's final candle. Though it is a weak reversal signal (on the H4 scale), it still suggests a change in direction. Marlin is preparing to move into positive territory.

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Once the price breaks above the signal level of 1.2944 (resistance from March 7–10), it will again aim for the 1.3001 level. A consolidation above that point would open the path for a further rise by one figure — with a target at 1.3101.

Laurie Bailey,
Analytical expert of InstaTrade
© 2007-2025

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