FX.co ★ dusty24 | GBP/USD

Hello traders. GBP/USD. Yesterday, the pound/dollar made an attempt to develop both bearish and bullish sentiments, but for now, the pair continues to slightly correct towards the previous decline. At the same time, it tested the now resistance zone but failed to break through. Currently, a new test is underway, and it seems like a bounce is forming again, so I continue to look southward. On the hourly chart, the indicators have signaled a buy, but it is not activated yet; a breakthrough of the same resistance zone is needed for activation. However, one of the lagging indicators has already started hinting at a possible decline. But I am not looking that far ahead yet; the target is to test the trend support, around 1.3160-65 in the short term. On the 4-hour chart, the indicators still favor further decline, so I continue to consider selling as a more priority option for myself. The pair is now approaching a test of the middle Bollinger Band from below, where depending on a breakout or bounce, the further sentiment will be more accurately revealed. I won't guess, both scenarios are equally likely, in any case, I will wait for the test results.