GBP/USD

On Monday, the pound stopped short of the MACD line, a fall by 70 points, after passing the support level Fibonacci 223,6% and support line of the price channel on the daily chart scale. For further decline, today's candle should close below these graphic lines. In case of a price reversal, the MACD line (1.2285) remains the first target. The exit above it opens the second goal - the correction level of 200.0% at the price of 1.2350, more precisely, this is the target range of 1.2350/81, the upper border of which is formed by the low of July 17th.

On a four-hour chart, the price is still above both indicator lines, the Marlin oscillator is in the decline zone. According to the combination of indicators of two time scales, the advantage of "bears". An important level here is 1.2154 - the MACD line on H4 at the point of coincidence with the Fibonacci level of 238.2%, overcoming which opens the way to decrease to the Fibonacci level of 261.8% at the price of 1.2032.