On Monday, the British pound took advantage of the general short-term market recovery trend and rose by 35 points.

This morning the growth continues, while the target is the 1.2436/76 range, which has already been penetrated by the MACD indicator line. The Marlin Oscillator is preparing a second attempt to overcome the border with the growth territory.

On the four-hour chart, the price settled above the MACD line and above the target level of 1.2250. The Marlin Oscillator is growing in the positive area. The trend is up, the 1.2436/76 target range is preparing for defense.