FX.co ★ GBP/USD

Hello traders. GBP/USD. Today the pound/dollar pair has made a decent move to the south, reaching a local support zone and seemingly starting to bounce back. Therefore, in the near future, I am considering a scenario with a slight increase. Technically, on the hourly chart, the indicators are still suggesting further movement to the south, but the Bollinger Band channel has already shifted, hinting at the end of the downward impulse and the beginning of a local correction aiming to test its lower middle around 1.3260-70 in the short term. Additionally, one of the basement indicators has also stopped supporting the bearish sentiment, hinting at a correction. On the 4-hour chart, the indicators are not showing anything specific, pointing in different directions, and the pair has entered the bearish zone of the Bollinger Band channel. However, the last candle suggests a possibility of a local rise, so at the moment, I am considering a small move to the north.