FX.co ★ FIAZANKHANDUDY | GBP/USD

GBP/USD Hello. Buyers and sellers have made a real mess of the Pound, active movements in both directions by 100 points and more, this hasn't happened for a long time. As a result, sellers were able to update the current minimum at 1.24865, but they failed to consolidate below it. By the way, sellers have also not been able to break through anything important during growth, and in order to continue developing something more significant upwards, they will need to break through and consolidate above the level of 1.26664. In case of success, the first target will be the mark of 1.27276. Sellers will now need to break through and consolidate below the level of 1.24743, the first target will be the mark of 1.24452. Pair GBPUSD H4: 1 - The Pound on the 4-hour chart stopped in the central area of the tapes, and the tapes themselves began to tuck inward. From this area, the movement can be continued in any direction, and in order to get a quality signal for the price to rise or fall, it is worth waiting for an active approach to one of the bands, and then assess whether the bands will open outward or not. If we talk about the situation with fractals, new closer fractals have formed up and down, which now act as targets for the price to rise and fall. A breakout of the nearest fractal upwards will give the price an opportunity to go towards the fractal of December 18 at 1.27259. A breakout of the nearest fractal downwards will give the price an opportunity to reach the fractal of May 9 at 1.24452. 2 - The AO indicator began to form a fade in the negative zone, if we see a more active movement towards the zero mark, we will get a stronger signal for the price to rise. A new acceleration in the negative zone will give a signal for the Pound to fall.