GBPUSD D1: 1 - Buyers of the Pound had an active session yesterday, let's see if they can continue to develop their positions today. Looking at the Bollinger Bands, the price is attempting to break out towards the upper band. To confirm a quality signal for price increase, a clear touch of the upper band is needed, followed by an assessment of whether the bands will expand outward or not. From a fractal perspective, the price has broken above the nearest fractal and has finally reached the fractal from September 26th. If it manages to hold above it, further price growth could continue towards the fractal from February 18, 2022, at the level of 1.36428. The nearest fractal below is quite far from the current price, so waiting for the formation of a new fractal closer to the current price is advisable before considering a potential price decline. 2 - The Awesome Oscillator is currently fading in the positive zone, maintaining the signal for price decline. If we observe a more active movement towards the zero level this week, a stronger signal for a downward trend will be confirmed. Conversely, a new acceleration in the positive zone would signal Pound appreciation.
