GBP/USD
Against the backdrop of yesterday's 0.35% strengthening in the dollar index, the British pound fell by 16 pips after briefly piercing the resistance of the daily MACD indicator line.
If this spike is regarded as a false move, the pound's task today becomes to consolidate below the 1.3525 level. Next (the following day), when the Marlin oscillator's signal line enters the territory of a downtrend, the price will begin moving toward the target support at 1.3364. But as long as Marlin remains in positive territory, the price is unlikely to significantly break away from the 1.3525 level reached.
On the four-hour chart, the price is formally holding below 1.3525, but Marlin has not yet moved into the bearish zone. Most likely, the MACD line (1.3467) will serve as the support around which the price will form sideways movement until convincing bearish signals align on the daily chart, according to the main scenario.
