FX.co ★ GBP/USD

Hello. GBP/USD has significantly moved to the south today, and at the moment, a continuation of the downward movement is being observed. On the hourly chart, the indicators are still indicating further decline, the pair has already responded to the first sell signal within the day, currently experiencing a local consolidation. After that, it will be possible to consider opening new short positions with the next target around 1.3480-85 in the short term. However, in any case, it is worth waiting for more complete confirmation from the technical aspect. On the four-hour chart, the indicators have also shown a full sell signal, and the Bollinger Band channel has started to expand, indicating a probability of continuing the current downward impulse. So, there is a possibility of moving further south in the medium term, but for now, my decline is limited by the local support zone, around 1.3440-50, and then we will see.