The British pound closed Monday with an 81-pip gain. The price consolidated above the 1.3311 resistance level and is now heading toward 1.3433.
A breakout above this level opens the path toward 1.3565, which marks the upper boundary of the ascending price channel. The Marlin oscillator has secured a position in the positive territory, confirming an upward trend.
On the four-hour chart, the price is moving above 1.3311, above both indicator lines, supported by a rising Marlin oscillator. A bullish reversal of the MACD line is a strong sign of continued medium-term growth.
