Forecast for GBP/USD on December 8, 2021

Despite yesterday's closing with a black candle, the technical side of the British pound has become more bullish. So, on the daily chart, the Marlin Oscillator continues to grow, the price visually tends to reach the first target level of 1.3312 - the Fibonacci level of 138.2%.

A double convergence of price with the Marlin Oscillator has formed on the four-hour chart. The upward movement is resumed. After the price settles above 1.3312, growth to the second target of 1.3410 - to the Fibonacci level of 123.6% is likely.

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

from RobotFX