GBP/USD: Expecting northern correction

To give a forecast on the behavior of GBP/USD in the upcoming week is quite difficult. And, despite the fact that more than 90% of the indicators point to the south, only 40% of experts support them. Most of them, along with graphic analysis on H4, took the side of the bulls, believing that the pair has already reached the local bottom and now it is waiting for the rebound to rise at least to the resistance zone 1.2250-1.2300. The next resistance is 1.2385. A support is seen at the level of 1.1985. Of the important events for this pair, the following should be noted: the possibility of starting the UK exit procedure on Tuesday, March 14, and the decision of the Bank of England on the interest rate on Thursday, March 16, which is likely to remain unchanged at 0.25%.