FX.co ★ Alpha302 | GBP/USD

GBP/USDTechnical analysis. D-1 Chart

We didn't have anything interesting yesterday on GBP/USD. We still had work in a small sideways trend, and we are still spinning inside it. What I am noting as of Wednesday morning: In the north, at the local peak, a sideways trend is being worked out in the space of 1.3405-1.3250. We are currently right near the northernmost border of the same. MA100 is pulling north at a trend angle of fifteen degrees. The mood during the week is quite bullish. MA18, under the influence of this slightly prolonged sideways trend, has also weakened and is currently working out the space parallel to the floor. An indicator that the mood during the day is extremely flat. And in order to break out of this sideways trend, serious forces are needed. Which are clearly not there yet. The Ichimoku cloud shows the inexorable strength of the bulls: it has been building a bullish wave since February—there are steps in favor of growth, the final part of Kumo is quite pumped up, so it is clear for now—the bears will not enter the market here. The light MACD is working out a bullish wave—the second one. The light stochastic has now managed to enter the overbought zone. In theory, the top has been worked out; only the potential for a decrease is needed. The strengthened connection is overbought; there are still no sales signals. We can go down according to the corridor working rule for now. And the first goal is to test the moving average line. This is 1.3292.