FX.co ★ dusty24 | GBP/USD

Pair GBPUSD H4: 1 - The pound on the 4-hour chart has actively started moving along the lower band, with both bands expanding outward, signaling a continuation of the price decline. We now just need to observe whether this signal will develop or not. Analyzing the situation from the fractal perspective, the price has broken the nearest fractal downwards and reached the target at the level of the fractal from November 17. If the price manages to consolidate below this fractal, the next target for the price decline will be the fractal from November 10 at 1.21862. The nearest fractal to the upside is quite far away, so to have something to rely on for a potential price increase, it is worth waiting for a closer fractal to appear. 2 - The Awesome Oscillator indicator is trying to form an increase in the negative zone. If we see a more active increase next week, we will receive a stronger signal for the decline in quotes. To receive a signal for a potential uptrend formation, it is advisable to wait for a crossover through the zero line and active growth in the positive area.