Pair GBPUSD M30: 1 - Over the weekend, there was a forecast for a selling entry point on the Pound from the level of 1.36398. The price broke this level and is currently trying to consolidate below it. Let's see if it will reach the first target at the level of 1.36312 or not.
2 - Looking at the bands situation, the price is trying to form a breakout towards the lower band. To get a quality signal for a price drop, it is worth waiting for an active touch of the lower band, and then assess whether the bands will expand outward or there will be no reaction.
3 - The Awesome Oscillator indicator is approaching the zero level. If we see a cross through zero and active growth in the negative zone soon, we will get a stronger signal for a price drop. Conversely, a new acceleration in the positive area will signal a price increase.
4 - In this situation, the selling entry point can be placed at the level of 1.36312. A price drop with an active breakout and consolidation can be expected towards the levels of 1.36195 and 1.36089.
5 - Buying in the current situation can be considered from the level of 1.36536. In case of an active breakout and consolidation, the price increase may continue to the levels of 1.36669 and 1.36788.
