GBP/USD
On Friday, the British pound did not hold its own fall and closed the day with a loss of another 35 points. The Marlin oscillator has entered a negative trend zone. The closest target on the Fibonacci level of 223.6% on the daily chart has become very close (1.2230), but a more serious goal is at the price of 1.2150 - at the point of convergence of the Fibonacci level of 238.2% with the line of the price channel and the MACD line approaching this area. It is likely to cause an upward correction of the pound.
On the four-hour chart, there is currently a triple convergence, but it is weak, leaving the signal line of the indicator under the forming line of azure color will cancel this convergence. On the price chart, the reversal signal will lose relevance after the price goes below the Friday low.
