Yesterday the pound closed at the opening level. The decline resumed this morning. The target range of 1.2853-1.2900 is relevant, but the Marlin Oscillator on the daily chart does not yet share the bears’ optimism, it continues to move sideways almost along the very zero line, that is, it is neutral. The downward reversal of the oscillator will preserve and amplify the price fall.
On the four-hour chart, the price, by all indications, is developing a slow decline: the price develops below the balance line in waves, the Marlin Oscillator in the negative area has time to discharge locally, creating conditions for a medium-term downward trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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