On Thursday, the British pound reached the target support level of 1.3433, after which it reversed to the upside, closing the day with a 20-pip gain.
The Marlin oscillator slowly turned upward within its rising channel. The target for price growth is the upper boundary of the price channel at approximately 1.3762. The 1.3635 level serves as an intermediate target.
In the four-hour timeframe, the price reversed upward yesterday from the area where the MACD line converged with the target level of 1.3433. Currently, the price is struggling with resistance at the balance line. The Marlin oscillator is rushing to enter positive territory to support the bullish movement.
