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This morning, the pound is maintaining a steady, albeit moderate, rise from Friday's levels. The next target is 60 pips away at 1.3001, and if it consolidates above this level, it could pave the way for a rise to 1.3101, which was the peak reached on October 15, 2024.
The Marlin oscillator is moving horizontally, suggesting a period of consolidation before further growth. On the four-hour chart, the Marlin is beginning to turn upward after a cooldown period on Thursday and Friday.
The price has already surpassed Friday's high, and we continue to monitor the progression of this upward movement.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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