GBP/USD

The technical situation for the British pound is slowly changing to a rising one. The price forms a convergence with the Marlin oscillator on a daily scale. Growth prospect at 1.3955 - high on Feb 16.

The Marlin oscillator has settled in the growth area on the four-hour chart. The price is still below the MACD line (1.3780) and thus there is a chance to restore the downward trend. To do this, the price should fall below yesterday's low of 1.3693. To consolidate the growth, for a buy signal, the price must rise above the MACD line at 1.3780.

On the way to 1.3955, the price has two intermediate target levels: 1.3850 and 1.3920, from which there may still be a downward reversal. In other words, the pound can be unreliable.