GBP/USD
The British pound has settled below the support level of 1.3369. There is little remaining to reach the target level of 1.3253, which may be achieved today.
A consolidation below this level will open the next target at 1.3140 — the low of August 1. The pound has no unclosed gap from the beginning of the week, unlike the euro, which allows it more freedom in its downward movement.
On the four-hour chart, the price is slightly correcting from yesterday's low.
The situation with the Marlin oscillator indicates that the correction will soon end, as the oscillator's signal line is about to encounter resistance from the forming line and the consolidation range.
We are waiting for the price at the target level of 1.3253.
