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GBP/USD: Pound Shows Slight Decline, Marlin Oscillator Prepares for Potential Advance

GBP/USD: Pound Shows Slight Decline, Marlin Oscillator Prepares for Potential Advance
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  1. GBP/USD

    GBP/USD

    Pound declined slightly on Monday, which kept the Marlin oscillator in a downward direction. However, it seems to be preparing to overcome the balance indicator line (in red) this morning, most likely aiming to advance towards the first target at 1.2720.

     

    gbp usd pound shows slight decline marlin oscillator prepares for potential advance grafika numer 1gbp usd pound shows slight decline marlin oscillator prepares for potential advance grafika numer 1

     

    If the price manages to consolidate below this level, it will break through the MACD line (in blue) and move towards the June 29 low at 1.2590.

    gbp usd pound shows slight decline marlin oscillator prepares for potential advance grafika numer 2gbp usd pound shows slight decline marlin oscillator prepares for potential advance grafika numer 2

     

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    On the four-hour chart, the pair trades below the lower boundary of the range (1.2839) and the balance indicator line, shifting the short-term trend towards selling. The Marlin oscillator also moved into negative territory, indicating a bearish trend. In the event of an unexpected breakout above the upper boundary of the range (1.2903), the price increase could be stopped by the MACD line (1.2937)

     


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