FX.co ★ dusty24 | GBP/USD

Hello traders. GBP/USD. Pound/dollar continues its northern march today, approaching the resistance zone again, built based on recent highs. Overall, I expect a rebound and a decline, but there is not enough evidence yet to open short positions. It is preferable to wait for more complete confirmation from the technical analysis. On the hourly chart, indicators have shown a new buy signal intraday, but it has not been activated yet. To activate it, a breakout of the same resistance zone is needed. Meanwhile, the Bollinger Bands are still expanding, indicating a likelihood of the current upward impulse continuing. However, the oscillators do not support a bullish sentiment, hinting at a possible reversal. On the four-hour chart, indicators also lean towards further movement to the north, but the oscillators here do not support a bullish sentiment either. The Bollinger Bands suggest a correction towards testing its upper middle band around 1.3350-60. Approximately at that level, there are also unfinished targets to the south.