FX.co ★ GBP/USD

Hello. GBP/USD. Pound/dollar yesterday failed to develop a southern sentiment, bulls took the initiative, but it is not clear yet if they are really taking advantage of it. As a result, on the hourly chart, the indicators are pointing north, but a buy signal has not been activated yet, and the pair is now heading to test the middle Bollinger from above. Depending on the breakout or bounce, it will show the further sentiment for the nearest perspective. I am more inclined towards a scenario with a breakout and a decline, but it is unlikely worth selling based on this assumption. However, a scenario with movement within the trend channel is quite probable. The pair bounced off its upper boundary and is likely to move towards the lower one, around 1.3325-30 in the short term. On the four-hour chart, the indicators have also already shown a full buy signal, but it is not activated yet. So, for now, I am watching the local movements within the trend channel, and the future will show.