GBP/USD
In England, the government's opposition to Parliament has intensified, which is in a hurry trying to ban Brexit without a deal in response to a possible announcement of early elections. Also on Monday, Manufacturing PMI in August fell from 48.0 to 47.4, which ultimately pulled down the pound by more than 100 points. The price reached the first Fibonacci retracement target of 261.8% of the baseline on March 13-April 25.
On the daily chart, the Marlin Oscillator has entered a declining trend zone. Overcoming yesterday's low will allow the pound to decline to a strong support of 1.1986 - the point of coincidence of the Fibonacci level of 271.0% with the descending line of the price channel. Consolidation below the level opens the way to fall to the next target - the Fibonacci level of 314.0% at the price of 1.1763.
On the four-hour chart, the situation is downward - the price is below the lines of balance and MACD, the Marlin oscillator shows no signs of growth.
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