Yesterday, the Bank of England expectedly raised the rate by a quarter of a point from 0.50% to 0.75%. Despite the favorable circumstances for the pound's growth - the dollar index fell by 0.37% yesterday, the pound still did not grow, it traded in a wide range of 123 points. But at the same time, it can be noted that the upper shadow of the daily candle exactly fulfilled the target level of 1.3200, which can indirectly confirm the effectiveness of the levels 1.3265 and 1.3323 located above. The Marlin Oscillator is growing, but it is still in the negative area, which probably explains the not very confident price growth.
On the four-hour chart, the current price situation in the range of target levels can be depicted with a small triangle. This is a sign of further price movement in an upward direction. The Marlin Oscillator also consolidated in the form of a small triangle. We are waiting for the quote at the target level of 1.3265.
