GBP/USDBy the end of Friday, the price consolidated below the 1.3525 level and below the Kijun line on the daily scale. The price now only needs to break through the balance line (the red moving average).
The Marlin oscillator has settled in the territory of a downward trend, so breaking through the balance line appears to be only a matter of time. The target level at 1.3364 is now open, and the price is moving toward it. The support at 1.3364 is strong, so a correction is possible from there.
On the four-hour chart, the signal line of the Marlin oscillator shows signs of developing consolidation. With such behavior from the oscillator, the price may continue its decline, but at a much slower pace. Tomorrow, the UK will release data on business activity in the services and manufacturing sectors. Forecasts for the indicators are mixed. We expect a market impulse tomorrow.
