GBP/USD
Yesterday, the British pound was down by 70 points at the moment, but not reaching the target range of 1.2032/55, went to a correction. We look forward to pulling down prices in the range today, and in the event of good performance on the US labor market, the price goes lower, to a target of 1.1986 - to the low of 2017. Either the second goal can be achieved on Monday, with the release of the ISM Non-Manufacturing PMI for July, expected to rise from 55.1 to 55.5.
On the four-hour chart, the Marlin oscillator signal line unfolds from the boundary with the growth area, which may indicate exhaustion of the pound's rising potential that is already weak, because when the Marlin line reached the top of the 31st (indicated by the arrow), the quote was significantly lower than the previous day's high .
So, we wait for the price in the target range of 1.2032/55, after which we focus on the level of 1.1986.
