GBP / USD

The pound fell 56 points under the general pressure of the US dollar on Monday. The signal line of the Marlin oscillator on a daily scale has already come close to the boundary with the territory of the bears. Its transition to the negative zone may coincide with the intersection of the signal level 1.2840, which opens the nearest target of 1.2748 (peak May 27 and a low of October 17).

On a four-hour chart, the price is developing above the line of balance (red indicator), the Marlin oscillator is in the decline zone. To generate a downward signal when the signal level of 1.2840 is reached, the price should be below this balance line, otherwise a signal may turn upward with the prospect of growth to 1.3040. For the reversal option from current levels, the price is enough to overcome 1.2905, which opens up the prospect of 1.3000 (MACD line on H4). Formally, the pound is in a wide neutral range of 1.2840-1.3040.