GBP/USD
The pound went ahead of the market and lost around 130 points last Friday. The price is below both indicator lines, the Marlin Oscillator is in the decreasing trend zone. Now the goals are open for the pound: 1.1750 - 223.6% according to the Fibonacci level, 1.1530 - support for the embedded line of the price channel of the monthly scope.
Friday's price reversal is clearly visible down from the Fibonacci level of 161.8% from the four-hour chart, this indicates the continued relevance of this instrument, built on the first branch of the movement on December 13, 2019 - February 28, 2020.
A price gap is open today, you need to wait for it to close, and then you can finally look for points to sell. A correction is possible to a strong level of 1.2165 - this is the low of May 14 and April 7.
