Pound is persistently approaching the target support at 1.1900 (November 30 low). Just this morning, it broke through the nearest low of February 7.
A consolidation below the level will open the way to the target level of 1.1737 (top on September 13, 2022). Since the Marlin oscillator is slipping into a negative area, the margin for downside movement is substantial.
On the four-hour chart, the pair is below the balance line, while the Marlin oscillator is going flat. The latter has a chance of continuation such a move today.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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