GBP/USD
The British pound is consolidating above the Fibonacci level of 138.2% for the second session, before the highs of March 27-April 2. The Marlin oscillator continues to grow, and as a result, the price may be marked at the point of convergence of the 123.6% Fibonacci level and the MACD line at 1.2540. Price taking above the level will allow the pound to continue to grow towards the goals of the Fibonacci levels: 1.2645 (110,0%), 1.2725 (100,0%).
A reversal and further decline in the price is possible if it is consolidated below the MACD line on the H4 chart, below the 1.2400 level. The first target will be the 161.8% Fibonacci level at 1.2235.
