Pair GBPUSD M30: 1 - Yesterday, there was a forecast for a buying entry point on the Pound from the level of 1.35186. The price broke this level, but ultimately failed to consolidate above it.
2 - Speaking of the Bollinger Bands situation, the price is within the central area of the bands, and the bands themselves have moved into a horizontal position. Movement from here could continue in either direction, and to get a quality signal for price increase or decrease, it is worth waiting for an active touch of the upper or lower band, and then assessing whether the bands expand outward or show no reaction.
3 - The Awesome Oscillator indicator is fading in the positive zone. If we see a crossover through zero and active growth in the negative zone soon, we will get a stronger signal for price decrease. Conversely, a new acceleration in the positive zone will signal an increase in quotes.
4 - In this situation, a selling entry point can be placed at the level of 1.35475. In case of an active breakthrough and consolidation, a price drop can be expected towards the levels of 1.36186 and 1.35080.
5 - Buying under current conditions can be considered from the level of 1.35654. In the event of a breakthrough and consolidation, a price increase can be expected towards the levels of 1.35904 and 1.36013.
