Amid strengthening risk market trends and a 0.63% decline in the US dollar, the British pound rose by 93 pips. The price is now seriously poised to target the 1.3635 level.

The intersection of this level with the price channel line reinforces the resistance. A breakout above it could further accelerate the growth toward the target level of 1.3834—provided that the upper boundary of the price channel around 1.3757 is also breached.

However, the Marlin oscillator is rising sluggishly. If it doesn't improve, a pullback could occur from the magnetic point at 1.3635.

On the four-hour chart, the nearest support for the price is the MACD line at 1.3509, which coincides with Friday's high. Consolidation below this level could lead the price back down to 1.3433—or, more likely, form another false breakout below the line, similar to what happened on Friday (gray rectangle).