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Trader Journals:::2025-05-15T03:35:38

GBP/USD

Technical analysis 15 May 2025 GBP/USD D-1 Good morning. Yes, surprisingly, buyers on the pound are actively resisting, not letting the price go too far down even after breaking out of the sideways trend. As a result, yesterday they managed to return the price to the consolidation area, and now there is an opportunity to try to form an exit from it upwards. To do this, they will first need to break and consolidate above the level of 1.33594. If they manage to do this, then further growth in quotes can be expected to the level of 1.34014, and then the road will open towards the current maximum at the level of 1.34434. Sellers will now need to break and consolidate below the level of 1.32525, with the first target at the level of 1.31387, to resume the downward movement. GBPUSD H4: 1—The pound on the 4-hour chart is in the central area of the tapes, and the tapes themselves have become horizontal. The movement from here can be continued in any direction, and in order to get a quality signal for the price to rise or fall, it is worth waiting for an active touch of one of the bands and then assessing whether the bands will open outward or there will be no reaction. If we talk about the situation with fractals, the price broke through the nearest fractal upward yesterday and reached the target at the level of the fractal from May 8 but could not consolidate behind it. At the moment, a new, closer fractal upward has formed, which is the target for the price growth. Its breakout and consolidation behind it will allow the price to go towards the fractal from May 7 at the level of 1.33764. A new, closer fractal downward has also formed, which is now the target for the price fall. Its breakout and consolidation will allow the quotes to go towards the fractal from May 12 at the level of 1.31387. 2. The AO indicator is near the zero mark and thus does not give us signals. It would be best to wait for an active increase in the positive or negative area, which will allow us to talk about the price movement in the direction of this increase.

GBP/USD

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