FX.co ★ dusty24 | GBP/USD

Pair GBPUSD M5: 1 - The pound on the 5-minute chart is in the central area of the bands, and the bands themselves have moved into a narrow horizontal position. Movement from here can continue in any direction, and to get a quality signal for price increase or decrease, it is worth waiting for an active touch of the upper or lower band, and then assess whether the bands will expand outward or there will be no reaction. 2 - The AO indicator is near the zero mark and therefore does not give us any signals. It is best to wait for active growth in the positive or negative area, which will indicate the price movement in the direction of this growth. 3 - The entry point for buying in this situation can be considered from the level of 1.33421, with price growth upon active breakout and consolidation expected up to the level of 1.33556. 4 - Sales in the current conditions can be placed at the level of 1.33264, with price decline upon active breakout and consolidation potentially continuing to the level of 1.33149.