GBP/USD

The pound is currently in the same place as it was in 24 hours ago. Just like yesterday, the price is trying to rise above a strong resistance at 1.3960 and the MACD indicator line on the daily chart. If it succeeds, the first target will be 1.4016, then 1.4072. But if not, then we wait for the price to move to the signal level of 1.3823, and then for it to fall to 1.3610.

The price is consolidating below the 1.3960 level on the four-hour chart. The Marlin oscillator is also consolidating sideways. This is a cumulative sign for further growth. The price's intent can be cancelled by external (fundamental) circumstances and the price will never be able to surpass this (1.3960) level. The first sign of giving up the position will be when the price moves below the MACD line at 1.3908. After that, an attack on the 1.3823 signal level is likely, and if the bears succeed, we expect it to fall to the 1.3610 target level.