Pair GBPUSD H4: 1 - On the 4-hour chart, the Pound retraced back into the central area of the bands. To receive a new signal for price increase or decrease, it is worth waiting for an active breakout beyond one of the bands, and then evaluate whether the bands will expand outward or if there will be no reaction to it. From a fractal perspective, new fractals have formed upwards and downwards, which now act as targets for price increase and decrease. A breakout of the nearest fractal upwards will allow the price to move towards the fractal from April 29 at 1.25690. Conversely, a breakout of the nearest fractal downwards will allow the price to continue moving towards the fractal from April 26 at 1.24484.
2 - The Awesome Oscillator indicator is hovering around the zero level and is not providing any signals yet. In this situation, it is best to see active growth in the positive or negative area, which will indicate a price movement towards that growth.
