The British pound is rushing to attack the target support at 1.3160. The decisive sentiment is supported by the Marlin Oscillator, which returned to the negative area after the previous false exit on December 16th. The main task is to settle below the specified level, which will open the way to the second target of 1.3012 – this is the October 2019 high.
On the H4 chart, the price is decreasing under the balance and MACD indicator lines, while Marlin is decreasing in the negative zone. The main scenario is descending.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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