FX.co ★ dusty24 | GBP/USD

Hello traders. GBP/USD. Today, the pound/dollar is once again trying to develop a bullish sentiment, as the bears are not eager to take the lead. They haven't even erased the debts formed to the south, although the possibility of a decline still remains, albeit nominally. On the hourly chart, indicators are attempting to show a new buy signal, but it's too early to talk about it. Moreover, the Bollinger Band narrowing does not confirm further development of the northern sentiment, and one of the basement indicators has already stopped supporting the bullish sentiment. Therefore, in the local perspective, there is a possibility to continue moving downwards with an approximate target of 1.3330-40. On the 4-hour chart, indicators still favor further movement in the northern direction, but here too the Bollinger Band continues to suggest a scenario with a local correction aiming to test its upper middle, which roughly coincides with the aforementioned target. The basement indicators do not support further development of the bullish sentiment.