Pair GBPUSD M30: 1 - Over the weekend, there was a forecast for a buying entry point on the Pound from the level of 1.32078. Today, the price broke through and held above this level. Let's see if it will eventually reach the first target at 1.32265 or not.
2 - Looking at the Bollinger Bands situation, the price is trying to break out towards the upper band to receive a quality signal for price growth. It is worth waiting for an active touch of the upper band, and then evaluate whether the bands will expand outward or if there will be no reaction.
3 - The Awesome Oscillator indicator crossed the zero level, but to get a quality signal for price growth, it is worth waiting for a more active acceleration. If we see a reverse crossing through zero and active growth in the negative zone soon, we will get a stronger signal for price decline.
4 - In this situation, the buying entry point can be placed at the level of 1.32265. Price growth with an active breakout and confirmation can be expected up to the levels of 1.32395 and 1.32522.
5 - Selling in the current conditions can be considered from the level of 1.32078. In case of a breakout and confirmation, the price drop may continue to the levels of 1.31930 and 1.31586.
