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24.03.2025 05:20 AMBy Monday morning, the British pound had turned upward without reaching the target range of 1.2816/47, and the Marlin oscillator had also reversed to the upside without reaching the boundary of the downtrend zone.
On the H4 chart, the first candle of the day has engulfed Friday's final candle. Though it is a weak reversal signal (on the H4 scale), it still suggests a change in direction. Marlin is preparing to move into positive territory.
Once the price breaks above the signal level of 1.2944 (resistance from March 7–10), it will again aim for the 1.3001 level. A consolidation above that point would open the path for a further rise by one figure — with a target at 1.3101.
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*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
