GBP/USD
The British pound slightly grew at the end of Friday, having worked out the range between the line of balance and the Fibonacci level of 200.0% on the daily chart. The technical situation has not changed during this time - the price is above the indicator lines, the Marlin oscillator indicates a weakening upward trend in the last five sessions.
On a four-hour chart, the price is held by the MACD line, the Marlin oscillator goes down.
The primary signal for the pound's fall will be when the price leaves the Friday low, this is necessary so that the signal line of the oscillator moves to the negative zone. The immediate goal of 1.2230 as a Fibonacci level of 223.6% can be intermediate, the main goal is the area of the Fibonacci level of 238.2% and the price channel line near 1.2140.
Consolidating the price above the signal level of 1.2375 reveals an alternative scenario with growth to the resistance of the price channel in the area of 1.2486.
