GBP/USD
By the end of Friday, the British pound slightly declined, thereby increasing the likelihood of the Marlin oscillator's signal line returning to its descending channel on the daily chart.
However, as long as this has not occurred, the upside potential remains sufficient to continue the upward movement toward the target level of 1.3834. This level also attracts the price due to the embedded price channel line passing through it.
On the four-hour chart, the corrective price decline allowed the Marlin oscillator to discharge and relieve tension ahead of the anticipated further growth under the main scenario.
At the moment, Marlin remains in positive territory. To break the uptrend, the price must consolidate below the 1.3635 level. The MACD line is already approaching this level for additional support.
