Pair GBPUSD D1: 1 - Buyers of the Pound tried to push higher yesterday, but ultimately failed to hold their positions, bringing the price back to opening levels. This morning, there was another attempt to move higher, but sellers quickly stopped it. Looking at the Bollinger Bands, the price is currently in the central area. Movement from here could continue in either direction, and to get a quality signal for price increase or decrease, it's worth waiting for an active touch of the upper or lower band, and then assessing whether the bands expand outward or not. In terms of fractals, the nearest fractals above and below serve as targets for price growth and decline. A breakout and consolidation above the nearest fractal would allow the price to reach the fractal from October 17 at the level of 1.34706. A breakout and consolidation below the nearest fractal downwards would give the price the opportunity to move towards the fractal from December 2 at the level of 1.31786.
2 - The Awesome Oscillator indicator continues to show growth in the positive zone. It is still unclear when the first peak will form, indicating that the price increase may continue further. To get a quality signal for a decline in quotes, it is advisable to wait for active fading towards the zero level.
