The British pound slightly fell yesterday, gaining a foothold at the Fibonacci level of 200.0% on the daily chart. The Marlin oscillator is introducing itself into the zone of negative numbers – into the decreasing trend zone.
The 1.2230 target, defined by the Fibonacci level of 223.6%, has become relevant. Below it is the second target at 1.2150 – the level of 238.2%. The MACD line gravitates towards it.
On a four-hour chart, the Marlin oscillator shows a small and weak, but double convergence. This can be realized in price consolidation in the gray box marked on the chart. Upon completion of the consolidation (or without it), we are waiting for the price at target levels.
Origin: InstaForex
