The pound continues to fall this morning, which started last Friday. On the daily chart, the price is already below the balance indicator line (red sliding), the Marlin oscillator is moving downwards in the area of the downtrend.
The first bearish target is support at 1.1900 (low of November 30, 2022 and high of August 26), then there is the prospect of the target at 1.1737, the high of September 13.
On the four-hour chart, the price is below the balance indicator line, the signal line of the Marlin oscillator lies on the zero line, trying to push it. There is a high probability of success, so let’s wait for the price to reach the first target level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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