FX.co ★ GBP/USD

GBPUSD. Hello traders. The Pound/Dollar pair continued its southern movement yesterday, reaching my target. However, then the bulls tried to take the initiative into their own hands. I wouldn't say everything is perfect for the bulls yet, so I continue to view the southward direction as a more priority option for myself. On the hourly chart, the indicators currently show nothing specific, pointing in different directions, while the pair is hovering around the middle Bollinger Band. Where it settles, that's likely the direction we'll head. Judging by the lower indicators, the scenario of a move to the south seems more plausible, with an approximate target of 1.3300-10 in the short term. On the 4-hour chart, the indicators are still in the process of forming a sell signal, while the pair is attempting to consolidate in the bearish zone of the Bollinger Channel. If the bears succeed here, the possibility of a downward movement arises in the medium term.