FX.co ★ Alpha302 | GBP/USD

GBP/USDTechnical analysis. H-4 Chart

Hello. If you look at the daily chart, then in general, buyers have fulfilled their main task, having broken through the level of 1.35925 and tested the mark of 1.36. In the end, they were unable to consolidate there, and now sellers can begin a more significant correction to all this growth. To do this, they will now need to break through and consolidate below the level of 1.35005; the intermediate target will be the mark of 1.34908, and then a fall can be expected to the level of 1.34469. If buyers want to resume the upward movement, then they will now need to break through and consolidate above the level of 1.36157; the price fall, if successful, can continue to the level of 1.37489. Pair GBPUSD M5: 1 - Pound on the 5-minute chart began to roll back to the central area of the tapes after an attempt to go along the lower tape. To get a quality signal for a price drop, it is worth waiting for an active new touch of the lower band and then assessing whether the bands will open outward or there will be no reaction. 2 - The AO indicator is growing in the negative zone; if we see a more active acceleration, we will get a stronger signal for a price drop. If, with the start of trading, we see a transition through zero and an active increase in the positive area, we will get a stronger signal for the growth of the pound. 3. The entry point for sales in this situation can be considered from the level of 1.35221; a price drop during a breakout and consolidation can be expected to the level of 1.35062. 4 - Purchases in this situation can be located at the level of 1.35333; the price growth can be expected to reach the level of 1.35475.