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24.02.2025 05:01 AM
Forecast for GBP/USD on February 24, 2025

The British pound began the week on a strong note, reaching a peak on Friday within the first hours of the trading session. The target of 1.2708 is now within reach, and a breakout above this level will open the way to a target range of 1.2816 to 1.2847.

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On the daily chart, the Marlin oscillator's signal line is moving sideways within a narrow range, which suggests a potential breakout to the upside. This pattern indicates the price's intention to continue rising.

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On the H4 chart, the Marlin oscillator has returned to the positive zone after a false breakout into bearish territory. This false signal reinforces the subsequent valid bullish signal. A price consolidation above 1.2708 will lead to the target range of 1.2816 to 1.2847.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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