GBP/USD Technical analysis H-4 Chart 
Hello. In general, sellers are starting the new trading week well for the pound; they managed to break through the level of 1.36339, and at the moment they are trying to consolidate below it. If it turns out to be successful, then the first target for the price drop will be the level of 1.35847; if they manage to consolidate below it, then the price can be expected to fall further to the mark of 1.35615. If buyers want to resume the upward movement, then for this they will now need to break through and consolidate above the level of 1.36574. The two pepper targets will be the marks of 1.36804 and 1.37519, and then with a high degree of probability there will be an update of the current maximum at the level of 1.37878. The GBPUSD M5 pair: 1. Pound on the 5-minute chart is trying to form a movement along the lower band. To get a quality signal for a price drop, it is worth waiting for an active touch of the lower band and then assessing whether both bands will maintain their open position or not. 2 - The AO indicator is fading in the negative area; if we see a transition through zero and an active increase in the positive area in the near future, we will get a stronger signal for a price increase. A new acceleration in the negative zone will give a signal for the development of a downward movement. 3 - The entry point for sales in this situation can be located at the level of 1.36215; a price drop with an active breakout and consolidation can be expected to the level of 1.36106. 4 - Sales in this situation can be considered from the level of 1.36215; the fall in quotes can continue to the level of 1.36106.
