GBP/USD

The British pound showed a steady decline for two consecutive days - on Friday and Monday, falling during this time at the opening and closing points by 90 points. The last time a similar downward trend was in the last days of August, then the pound lost more than three hundred points. But now the pound is even higher, respectively, under favorable external circumstances, the fall may be even greater. Reasons for this are already appearing. England's Supreme Court intends to consider the alleged deception by Boris Johnson of the Queen of Great Britain in the "raw data" on Brexit, because of which she endorsed the suspension of Parliament from work for a month. Also today, the index of industrial orders for the current month will be released - the forecast is -14 against -13 in August. Net public sector borrowing for August is expected to rise from -2.0 billion pounds to 6.5 billion, which may be the highest value in the last 9 months.

In the main scenario, we are waiting for the price to overcome the signal level of 1.2381 (July 17 low), then drop to the Fibonacci level of 223.6% at the price of 1.2230. The divergence in the Marlin oscillator, which we determined in the previous review, turned out to be effective.

On a four-hour chart, the price has consolidated under the lines of balance and MACD, Marlin is declining in the territory of the "bears".