FX.co ★ dusty24 | GBP/USD

GBPUSD pair H4: 1 - On the 4-hour chart the pound is pulling back into the central area of the bands after an attempt to move along the lower band. To get a quality signal for a price decline, it’s worth waiting for a new active touch of the lower band and then assessing whether the bands will open outward or there will be no reaction. Speaking about the situation with fractals, new closer up and down fractals have formed, which now act as targets for price growth and decline. A breakout and consolidation below the nearest downward fractal will allow the price to move towards the July 1 fractal at 1.32182. A breakout and consolidation above the nearest upward fractal will give the price an opportunity to move towards the July 27 fractal at 1.33626. 2 - The AO indicator is fading in the negative area; if in the next 1–2 trading days we see a crossover through zero and active growth in the positive zone, we will get a stronger signal for a price increase. A new acceleration in the negative zone will give a signal for a decline in quotes.