Pair GBPUSD D1: 1 - Buyers of the Pound were able to conduct an active session yesterday, dominating the day entirely. Let's see if they can continue the upward movement today. Looking at the bands, the price started to actively move along the upper band, with both bands expanding outward, indicating that the price increase may continue further. We just need to observe whether this signal will develop or not. In terms of fractals, the price broke the nearest fractal upwards, consolidated above it, and now the target for the price increase is the fractal from April 9 at the level of 1.27089. The nearest fractal downwards is far away, so it is better to wait for the formation of a new fractal closer to have something to rely on for a potential price decline.
2 - The Awesome Oscillator indicator has started to increase in the positive territory. If we see acceleration in the coming trading days, we will have a stronger signal for the continuation of the upward movement.
