On the daily chart, the GBP/USD pair has moved below the 1.2367 support level, simultaneously confirming a daily candle close below the MACD line.
This movement coincided with the Marlin oscillator shifting into negative territory, opening the way toward the 1.2180 target. The initial decline may take on an impulsive nature.
On the H4 chart, the price has consolidated below 1.2367, while the Marlin oscillator is gradually declining within the negative zone. We expect further development of the downward trend.
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