Pair GBPUSD M30: 1 - Yesterday, there was a forecast for a selling entry point on the Pound from the level of 1.36788. The price broke this level and managed to reach the first target at 1.36669.
2 - Speaking of the situation with the bands, the price is trying to form a movement along the upper band. To get a quality signal for a price increase, it is worth waiting for an active touch of the upper band, and then assess whether the bands will expand outward or if there will be no reaction.
3 - The Awesome Oscillator indicator is increasing in the positive area. However, to get a stronger signal for a price increase, it is worth waiting for a more active acceleration. If we see a cross through zero and active growth in the negative area soon, we will get a stronger signal for a price drop.
4 - In this situation, the entry point for buying can be placed at the level of 1.36926. Price growth with an active breakout and consolidation can be expected up to the levels of 1.37010 and 1.37138.
5 - In the current conditions, selling can be considered from the level of 1.36669. Price decline with a breakout and consolidation may continue to the levels of 1.36536 and 1.36398.
