Yesterday, the British pound briefly jumped to the target resistance of 1.1600, reversed from it and closed the day at the opening level, under the level of 1.1525. This morning the price is losing about 40 points, ahead of it is the target support at 1.1385.
Overcoming it will open the 1.1305 target. The daily Marlin Oscillator is already quite low, but has the possibility of further decline. The probability of correction will significantly increase from the level of 1.1305.
The price settled under the balance and MACD indicator lines on the four-hour chart, under the target level of 1.1525, the Marlin Oscillator also settled under the zero line, intending to continue its decline in the downward trend zone. We are waiting for the price at the first target of 1.1385.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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