FX.co ★ dusty24 | GBP/USD

Pair GBPUSD M5: 1 - The pound on the 4-hour chart is trying to break out towards the upper band. To get a quality signal for price growth, it is worth waiting for an active touch of the upper band, and then assess whether the bands will expand outward or if there will be no reaction. 2 - The AO indicator has approached the zero level, if we see a cross through zero and active growth in the positive zone soon, we will get a stronger signal for price growth. A new acceleration in the negative area will signal a decline in quotes. 3 - The entry point for buying in this situation can be considered from the level of 1.34431, with price growth on active breakthrough and consolidation expected up to the level of 1.34598. 4 - Sales in the current conditions can be placed at the level of 1.34316, with price decline in case of breakout and consolidation that could continue to the level of 1.34140.