On Monday, the British pound attempted to slip further below the daily MACD line, but by the end of the day, a white candlestick had formed, rising 19 pips, and the price closed above that line.
The Marlin oscillator is slowly approaching the boundary of the bullish territory, which suggests that the nearest target at 1.3525 may be reached by tomorrow. A breakout above this level will open the path toward the key resistance at 1.3631.
On the four-hour chart, the price has consolidated above both indicator lines—the balance line and the MACD line. The Marlin oscillator's signal line has moved into positive territory. The trend is upward, and the 1.3525 target is now clearly in focus.
