FX:GBPUSD   Paun British / Dolar A.S.
Possible upward movement of the pair. The price is currently in an important volume trading zone on 1 and 4 hour timeframes, maintaining rejection by the low part of the price near the 55-period EMA, fundamental in strategy for trend continuation analysis. We see an accompaniment of larger timeframes with a possible change in direction within a short time in indicators such as the Squeeze Momentum and MACD hsitogram, together with the loss of strength of the previous downward rebound movement indicated by the ADX with a negative slope and below the level 23. I trade on a one-hour timeframe accompanying a possible 4-hour move to the upside with a significant bullish divergence and the arrival of the important control volume point to confirm a pattern of possible bullish movement with rejections at the bottom of the price and accompaniment of a possible buy signal shortly at the MACD line. I believe that this accompaniment in different timeframes would give us a very possible upward movement looking for previous highs and even continue an upward trend since we have come out of a compression zone in 4 hour timeframes and we are above the EMA of 55 periods in this longer period.

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