GBP/USD
On Wednesday and Thursday, the British pound tried to consolidate below the support level 1.3433 but was unsuccessful. The price is rising steadily, aiming to break above the MACD line at 1.3555 and even above the resistance level of 1.3635.
The embedded line of the price channel, at the point where it intersects with the October 2021 high, is a promising target for upward movement. A consolidation below 1.3433 would invalidate this primary bullish scenario.
On the H4 chart, the Marlin oscillator has settled in positive territory, creating the foundation for an attempt to attack the MACD line at 1.3520. A breakout above this level would pave the way for continued growth toward 1.3635.
