GBP/USD
The pound rose by 78 points on Thursday, reaching a peak Fibonacci price level of 200.0% on the daily chart. In fact, with a hypothetical desire for the price to turn down, this is enough, working out the 1.2381 target - the low of July 17, of course, is not required. The signal line of the Marlin Oscillator showed a downward reversal. But we can talk about a full-fledged reversal only after consolidating the price below the MACD line on the daily scale - 1.2190, which will also correspond to consolidating the price under the line of the price channel. One option for further development may be a correctional decline in the pound, in particular, on today's US employment data, after which growth will again develop above 1.2381, to the Fibonacci level of 161.8% at the price of 1.2548.
On a four-hour chart, the Marlin Oscillator is also moving down. But the market is very hot, the price is above the balance and MACD indicator lines. A very strong US employment data is the only thing that can pull down the British pound. After the price drops below 1.2190, a further decline towards the local consolidation is likely to fall into the range of 1.2077-1.2107.
