See also
19.05.2025 07:00 AMOn Friday, the British pound failed to break above the resistance level 1.3311. Even the "head and shoulders" pattern on the Marlin oscillator couldn't help—the price extended its sideways movement below the 1.3311 level.
Yet today, the pound begins the day intent on overcoming the persistent resistance, and Marlin is preparing to move into positive territory. The next upside targets are 1.3433 and 1.3565, which mark the upper boundary of the price channel.
On the four-hour chart, it's evident how difficult it is for the price to surpass the target level of 1.3311—even the combined support from the indicator lines and the Marlin oscillator, whose signal line is turning upward from the zero line for the second time, has not produced a quick result. However, if the price consolidates above this level, the target at 1.3433 will open.
Moving below the MACD line support (1.3250) would pull the price into the broader support range of 1.3184–1.3208.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
