GBP/USD
Friday's 74-pip rally in the pound and the breach of the 1.3525 target level (almost reaching the MACD line) signal a strong desire for further price growth with an eye to the next target at 1.3631 (the June 13 high).
A move above the 1.3525 resistance will serve as confirmation that the pair is ready to attack the MACD line.
On the H4 chart, the price has consolidated above both the balance line and the MACD line. The Marlin oscillator is poised to continue rising.
We are watching for a sustained move (on this timeframe) above 1.3525. Until the FOMC meeting, this is the main scenario. A consolidation above 1.3631 opens the way to the next target at 1.3834. However, the day after the Federal Reserve's monetary policy decision, the Bank of England's decision will also follow.
