The British pound has returned to the range of 1.2610-1.2745. It feels comfortable and confident in this range, optimistically heading towards the upper boundary of the range at 1.2745.
The price still needs to overcome the balance indicator line for complete freedom, but the Marlin oscillator is playing its role here, trying to rise. However, it is still under pressure, residing in the negative territory.
The pound will likely receive a bullish momentum when it moves above the MACD line on the four-hour timeframe (1.2640). Marlin is already in the positive territory here, and the pound won't have to wait long.The material has been provided by InstaForex Company - www.instaforex.com
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