GBP / USD
The British pound continues chaotic movements with a general upward trend during the fine holiday market. The price has reached the resistance of the trend line of the price channel of the daily timeframe and almost reached the balance line. On the four-hour chart, a double price divergence with Marlin oscillator was formed. It is likely that the decline in the pound will begin today. On the practical side, it makes sense to consider the decline of the British currency after fixing the price under the Kruzenshtern line on H4 in the region of 1.2622, but far enough from it, about 80 points, which forces traders to take an observer position. In the case of the development of this main scenario, the goal is to support the trend line around 1.2500.
In the case of a breakout pound up target range stands at 1.2810 / 90.
