By the end of yesterday, the British pound experienced a slight increase, continuing its overall upward trend. The price is attempting to reach the target level of 1.3001, while the Marlin oscillator remains above its support level of 0.0216. A breakout above resistance would pave the way toward 1.3101.
Today, the U.S. will release data on initial jobless claims, with a forecast of 226,000, compared to 221,000 the previous week and 242,000 two weeks ago. This report is particularly noteworthy as it may shed light on how the labor market is responding to Trump's personnel policies. Are they as damaging as some fear? Our analysis suggests they are not, as many reports indicate that dismissed workers are finding jobs in related industries.
On the four-hour chart, the Marlin oscillator continues to consolidate near the neutral zero line. The price is rising, and the Marlin is poised to support this upward movement. If the price breaks above 1.3001, we may see an acceleration in growth. In any case, the MACD line is consistently positioned to provide support at 1.2895.
