GBP
The British pound dropped by almost a figure last Friday, and the Marlin oscillator indicated a way out of the wedge-shaped structure. This exit stimulates the currency to decline rapidly. The first target is the record level of 1.3480, the second target at 1.3375 is the MACD indicator line on the daily chart. The Marlin oscillator is already entering the downward trend zone.
The four-hour chart shows that the price has settled under the MACD line, and the balance line (red) is about to surrender, which shows the market's mood for preferential buying or selling. Marlin is a leading indicator, already in the bears' area.
