Pair GBPUSD H4: 1 - Pound on the 4-hour chart is trying to form a movement towards the upper band. To get a higher quality signal for price growth, it is worth waiting for an active touch of the upper band by the price, and then evaluate whether the bands will expand outwards or there will be no reaction. Looking at the current situation with fractals, a new fractal closer to the top has formed, its breakout and consolidation will allow the price to move towards the fractal from April 18 at the level of 1.24840. Also, a new fractal closer to the bottom has formed, which now acts as the target for price decline. Its breakout and consolidation will allow the price to move towards the fractal from April 23 at the level of 1.23311.
2 - The AO indicator is trying to form a new increase in the positive zone, and to get a stronger signal for price growth, it is worth waiting for an active acceleration of the AO. If in the coming days we see a weakening towards the zero level, we will receive a signal for the development of a downward movement.
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