FX.co ★ kavon.collins | Game of Life: Visionary Insights into the Forex Market!

Pair GBPUSD D1: 1 - Sellers of the Pound managed to resume the decline yesterday and actively ended the day in their favor. Let's see if they will continue to push the price down today and beyond. Looking at the bands situation, the price is trying to break out towards the lower band. To get a reliable 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 not. In terms of fractals, a new closer fractal downwards has formed, now acting as the target for the price drop. Breaking through and consolidating below it will allow the price to reach the fractal from October 14 at the level of 1.32475. The nearest fractal upwards is far from the current price, so waiting for the formation of a new closer fractal is necessary to have something more immediate to rely on for a potential price increase. 2 - The Awesome Oscillator is increasing in the negative zone, signaling a price drop. If in the next 2-3 trading days we see a crossover through zero and active growth in the positive zone, then we will get a signal for the Pound to rise.