GBP/USD
Yesterday, the British pound fell by 165 points on fears of a "hard" Brexit. Prime Minister Boris Johnson said he would not continue negotiations with the EU on this issue until the EU changes its decision on the border with Ireland. There was talk about new elections in the UK in the media space. Probably, there is a deja vu effect, since the Theresa May election didn't lead to anything good.
Today, the pound lost more than 40 points in the Asian session, in the evening there will be US data on consumer personal spending for June, the forecast for which suggests an increase of 0.3%. To the nearest technical support - the embedded line of the price channel is more than one hundred points, a target of 1.2055.
On the four-hour chart, the price significantly broke away from the balance and MACD lines, the signal line of the leading Marlin oscillator shows no signs of a reversal. As a result, we are waiting for the pound to reach the target level without a noticeable correction.
On the four-hour chart, the price still maintains the potential of testing the MACD line in the area of 1.1156, which coincides with the high on July 24.
