Pair GBPUSD D1: 1 - Sellers of the Pound were finally able to show themselves and decisively controlled yesterday's trading day. Let's see if they can further develop their positions today. Looking at the Bollinger Bands, the price remains within the central area of the bands, with the bands contracting. Movement from here could continue in either direction. To receive a reliable signal for price increase or decrease, it is advisable to wait for an active touch of one of the bands. Subsequently, assess whether the bands expand outward or not in response. Regarding the fractal situation, the nearest fractals above and below are far from the current price level. To have a basis for potential price growth or decline, it is recommended to wait for the formation of new, closer fractals.
2 - The Awesome Oscillator (AO) has approached the zero level. If in the next 2-3 trading days we observe a crossover through zero and active growth in the positive zone, it will provide a stronger signal for price increase. Conversely, a new acceleration in the negative zone would signal a decline in prices.
