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GBP / USD pair
On Thursday, the sterling pound gained 115 points in the background of the general anti-dollar market sentiment. The stop occurred on the balance line of the daily chart. At the same time, the Marlin oscillator signal line also lies in a horizontal direction along the line of the boundary separating the growth zone from the declining zone. This line is also the level of support and resistance for the signal line. The output price above the signal level of 1.2578 (July 12 maximum) will allow the price to work out the resistance of the nested line of the price channel at the point of its coincidence with the MACD line in the area of 1.2655.
On the four-hour chart, the price fixed above both indicator lines and the Marlin oscillator in a growing position. Either this growth is false or not, we can find out only after the price is above or below the signal range of 1.2460-1.2578. The lower limit of this range is the support of the MACD on the four-hour scale line. Leaving prices below 1.2460 returns to the plan to reduce the price to the target level 1.2296 the status of the main one.
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