Daily Chart Outlook
The British pound continues to consolidate above the MACD line, with the Marlin oscillator holding in positive territory. This keeps the 1.3631 target in play.
That said, the picture may be misleading. The Marlin signal line sits at the upper edge of a descending channel, leaving room for a potential reversal. A break below 1.3525 would also mark a move under the MACD line, shifting the outlook toward a deeper decline. In that scenario, the 1.3364 target would become realistic, while the upside case toward 1.3631 would be invalidated.
H4 Chart View
On the four-hour timeframe, GBP/USD is stuck within the September 9–11 range, between 1.3493 and 1.3589. The overall bias leans slightly upward, but momentum is lacking. The Marlin oscillator sits flat on the zero line, signalling indecision as traders await the outcome of this week’s Federal Reserve meeting.
This analysis is for informational purposes only and should not be taken as a trading recommendation.
