GBP/USD
Amid the general weakening of the dollar, the British pound gained 32 points yesterday. Wide-range consolidation between Fibonacci levels of 23.6% and 0.0% at 245 points continues. The Marlin oscillator is being kept below the border with the zone of positive values, this is a sign of the near completion of growth. With the overcoming of the signal level of 1.2768, the 1.2703 target opens, then we wait for the quotation at 1.2608 - this is the 38.2% Fibonacci level which the MACD line also strives for.
On a four-hour chart, the price consolidates above the lines of balance and MACD, Marlin in the growth trend zone. The price may modify the growth line to Fibonacci levels of 61.8% (1.2896) and 76.4% (1.2926). An increase in the decline is likely after overcoming the support of the MACD line and the Fibonacci level of 23.6% (1.2817).
