Yesterday the pound fell 49 points. This morning, the bears are trying to develop an attack. The Marlin Oscillator on the daily chart is not full of optimism yet, however, the target range of 1.2436/76 is open, we are waiting for its development in the coming days.
On the four-hour chart, the MACD indicator line keeps the price from falling. The price needs to gather strength to consolidate below it (below 1.2590). The Marlin Oscillator, which has been staying in the negative area since yesterday, will help it in this.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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