GBP/USD, along with the rest of the currency market, after a small correction on Wednesday. But this morning it has already halted its growth, which is a sign that the trend is still bearish. Moreover, the Marlin oscillator left the oversold area on the daily chart and is hinting that it is ready to go down. A dip below 1.3115 will most likely provoke a decline to 1.2853-1.2900.
The Marlin oscillator is still at zero in the four-hour chart, but its move under it, when the pair drops below 1.31115, will strengthen the bearish trend. And although pound could turn bullish and rise to 1.3210 any time, an increase to higher price levels is unlikely because of the approaching MACD line.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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