GBP/USD
The pound fell by 63 points due to pressure from the general strengthening of the dollar and the ongoing struggle for Brexit between Boris Johnson and Parliament. The Marlin oscillator is steadily falling, the nearest target at 1.2744 as a Fibonacci level of 123.6% is likely to be achieved soon. At this point, the signal line of the Marlin oscillator can reach the boundary with the territory of the bears. The boundary must be overcome in order to continue the fall. Consolidating the price below the level of 1.2744 and, accordingly, the Marlin oscillator in the negative zone, opens a deeper target at 1.2548 - the Fibonacci level of 161.8%.
On a four-hour chart, the price has consolidated under the indicator lines of balance and MACD, the Marlin indicator is in the decreasing trend zone. The local trend is down.
