Pair GBPUSD M5: 1 - The pound on the 5-minute chart started to pull back towards the central area of the bands after moving along the upper band. To get a quality signal for price growth, it is worth waiting for a new active touch of the upper band, and then evaluate whether the bands will expand outward or if there will be no reaction.
2 - The AO indicator is increasing in the positive area, if we see a more active acceleration in the near future, we will get a stronger signal for price growth. If there is a crossover through zero and active growth in the negative zone, we will get a signal for price decline.
3 - The entry point for buying in this situation can be considered from the level of 1.34168, price growth with an active breakout and consolidation can be expected up to the level of 1.34325.
4 - Sales in the current conditions can be placed at the level of 1.33984, price decline with a breakout and consolidation can be expected down to the level of 1.33824.
