Forecast for GBP/USD on April 13, 2022

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Yesterday, the pound fell slightly, without changing the overall technical picture of the last three weeks - a gentle downward movement of the price with a sideways movement of the Marlin Oscillator, almost along the zero line. By this morning, the price has lingered a bit at the March low, there is a risk of a reversal from this level to corrective growth (to 1.3119), but there is also a 60% chance that the technical picture will continue – the price will slowly move towards the target level of 1.2900 – to the December 2019 low. 

The Marlin Oscillator is moving chaotically on the four-hour chart. The price itself is falling below the balance indicator line according to the standard form. The price has the potential to continue the downward movement. We are waiting for the 1.2900 target level to be worked out.