The British pound is continuing its upward movement toward the target level of 1.3001, which aligns with the September 2024 low. The signal line of the Marlin oscillator appears to be holding above the support line at 0.0216.
If there is a breakout above the target resistance level of 1.3001, it could lead to a rise towards 1.3101. On the four-hour chart, the Marlin oscillator is positioned along the boundary that separates growth from decline zones.
The market is likely to remain in a sideways range until the U.S. inflation data is released later this evening. For now, the overall trend remains upward.
