Pair GBPUSD M30: 1 - Yesterday, there was a forecast for a buying entry point on the Pound from the level of 1.32762. The price broke this level, but ultimately failed to hold above it.
2 - Assessing the situation based on the bands, the price retraced to the central area of the bands after attempting to move towards the upper band. To receive a quality signal for a price increase, it is worth waiting for a new active touch of the upper band, and then evaluating whether the bands will expand outward or if there will be no reaction.
3 - The Awesome Oscillator indicator is fading in the positive zone. If we see a cross through zero and active growth in the negative zone in the near future, we will get a stronger signal for a price decrease. Conversely, a new acceleration in the positive zone will signal a price increase.
4 - In this situation, the entry point for buying can be placed at the level of 1.32078. In case of an active breakthrough and confirmation, one can expect price growth towards the levels of 1.32265 and 1.32395.
5 - Selling under current conditions can be considered from the level of 1.31930. In the event of a breakthrough and confirmation, a price drop can be expected towards the marks of 1.31586 and 1.31336.
