GBP/USD

With the release of strong US employment data last Friday, the pound's correctional gain seems to have stalled. We do not expect the Marlin oscillator to enter growth territory on the daily chart. Most likely, Marlin will turn down and the price will go to the first target level of 1.3625 (the December 12, 2020 high).

On the four-hour chart, the price is not allowed to go up by the March 29 peak at 1.3846 and the divergence with the Marlin oscillator. Visually, however, the situation develops into a double divergence, which will delay the pound's fall in time. In this case, a possible exit above the 1.3846 level can a priori be considered as false. If the price moves below the MACD line, below the 1.3775 level, opens the target at 1.3625.