The pound has come a long way in the last two days: 193 points on Friday, and another 130 yesterday (including the lower shadow). The price has reached the 1.2730 target level, now it can take a break. Rest in the 1.2730-1.2853 range. The Marlin Oscillator is turning up on the daily scale. Settling below 1.2730 will open the next bearish target at 1.2646.
The price is moving above the target level of 1.2730 on the 4-hour chart, the Marlin Oscillator is helping it to relieve pressure before declining further. During the correction, the MACD indicator trend line will approach the price in order to increase pressure on it in due time.
