FX.co ★ dusty24 | GBP/USD

GBPUSD. Good day. Yesterday, the pound/dollar closed the day with a bearish candle, hinting at a possible continuation of the downward movement today. The current indicators on the hourly chart are still pointing south, but the sell signal has not been activated yet, and the pair has approached a test of the middle Bollinger Band from below. Depending on a breakout or a bounce, the further direction will be revealed. Personally, I lean towards a scenario with a bounce and a decline towards the approximate target of 1.3190, but I will wait for the test results. On the four-hour chart, the situation is slightly different: the indicators are pointing north here, the pair has tested the middle Bollinger Band and started to bounce, although there is no confirmation of the bounce yet. Therefore, at the moment, I am more inclined towards the south, but only in the short-term perspective, although I do not rule out a more global decline.