GBP/USDAfter testing the weekly MACD line with the lower shadow of last week's candle, the pound continues its substantial rise toward the upper boundary of the price channel around the 1.3700 level.If the price breaks above this level, the entire global descending channel will be canceled.On the daily chart, the price moved above the MACD line this morning and is heading for the target level of 1.3631 (the June 13 high). Further growth to 1.3700 is possible. The Marlin oscillator is rising, helping the price realize its ambitious plans.On the four-hour chart, the price is now consolidating above the 1.3525 level, while Marlin is also rising in positive territory. We expect further upward movement for the pound.The material has been provided by InstaForex Company - www.instaforex.com
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