Pair GBPUSD D1: 1 - Buyers had a strong session yesterday, and despite some positions being lost, there is still a chance for further growth. Looking at the bands, the price continues to move along the upper band, with both bands remaining open outward, signaling potential growth. In terms of fractals, yesterday the price reached the target at the fractal level from October 15th. If it manages to hold above it, the next target will be at the level of 1.34335 from September 26th. The nearest fractal below is quite far, so waiting for the formation of a new closer fractal downwards would provide a more immediate indication of a potential price decline. 2 - The AO indicator continues to increase in the positive zone. If we see more active acceleration in the next 3-4 trading sessions, it would give a stronger signal for price growth. Conversely, a new decline towards the zero level would indicate a potential decline in the Pound.
