GBPUSD – Looking for an entry point with Buy

30.12.2021

Daily: Once again breaking through the upper Bollinger band, buyers will over and over again neutralize all the bears’ attempts to take the initiative.

Н4: There is also a breakdown of the upper Bollinger band, which makes it possible to assume further growth from the middle Bollinger envelope (1.3445).

Н1: We see the prospect for a merger in the area of ​​1.3445 – this is the middle Bollinger line from the four-hour chart and the lower one from the hourly. Thus, the chances of quotes bouncing upwards are regarded as extremely high.

Conclusions: Growth with the target of 1.3505, after the rebound from 1.3445.

Decisions: Buy from the 1.3445 area to 1.3505.