GBP / USD pair
On Monday, the sterling pound grew by 16 points amid the general weakening of the dollar. This was enough for the marlin oscillator signal line to go above its own downward trend line on the daily chart but the line still remains in the negative zone. If the reversal occurs from the zero line, then this exit above the trend line will become false. Price growth is likely towards the MACD line at 1.2960 on the four-hour chart. Fixing above the line can give optimism to the market and the price will go to 1.3060, which is the MACD line on the daily chart and coincides with the 38.2% Fibonacci correction line.
Thus, the first signs of price growth to 1.3060 are clearly not enough so far. There is also the first sign of price reversal from current levels, which is the weakness of the marlin indicator on the four-hour chart. Tomorrow, the Fed will announce a monetary policy decision - a crucial day for the current dilemma.
