FX.co ★ dusty24 | GBP/USD

Hello traders, I suggest looking at the currency pair GBPUSD. This instrument shows an upward trend. The level of 1.3611 has been broken, and now the price is trying to consolidate above this level. From a technical perspective, on the four-hour chart, the price is trading above the cloud, above the Kijun-sen and Tenkan-sen signal lines, the Chikou span line is above the price chart, and a golden cross is in an active position. The Bollinger Bands are pointing upwards, indicating a bullish trend, the MACD oscillator histograms are rising, and the trend oscillator filter is colored green, showing a bullish market sentiment. If the bulls manage to keep the price above the level of 1.3611, we are likely to see an increase in quotes towards the resistance level of 1.3732. An alternative scenario to consider would be if the price trades below the cloud, taking into account the formation of a dead cross by the signal lines.