Yesterday, the British pound pierced the balance indicator line with the lower shadow of the daily candle and closed the session at the opening level. The price is going up this morning. It can be assumed that yesterday's downward movement was a false move. The Marlin Oscillator is moving horizontally, but in a growing trend zone, this is a sign of a future upward movement. The 1.3930 target is the closest embedded line of the rising price channel.
On the four-hour chart, the price settled above the balance and MACD indicator lines, the Marlin Oscillator had previously turned upward from the zero line. The trend is upward in the short term (up to two weeks).
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