GBP/USD
The British pound completed the technical level of the February 10 low on Wednesday. It is possible that the price will unfold from the resistance achieved, but growth to the development of the Fibonacci level of 100.0% at the price of 1.2904 (December 20 low) is also possible. In this case, the signal line of the Marlin oscillator will test the boundary with the territory of the bulls and move down from it.
The price reached the resistance of the MACD line on a four-hour chart. Marlin shows a weak and uncertain reversal, so the option with continued growth has high chances. The price can be helped by today's data on US factory orders for January, the forecast for which is -0.2%. US employment data will be released tomorrow, the non-farm forecast is 175 thousand, as well as the growth of the trade balance from -48.9 billion to -46.3 billion. We are waiting for the main movement on Friday.
