FX:GBPUSD   British Pound / U.S. Dollar
Possible move to launch par. The price is currently in a trading zone with significant volume in timeframes of one and 4 hours, being in the lower limit zone of said area. We find in 4-hour timeframes indications of possible upward movement in the Squeeze momentum and the MACD histogram with bullish directionality, together with the loss of strength in the ADX from the previous downward movement below the 23 level indicating a range. In one-hour timeframes, it entered in favor of the aforementioned movement, with a possible upward movement to the upper zone of said Range and important volume with indications of change of direction in the Squeeze momentum and macd histogram and accompanied by the ADX below the level 23 and buy signals at the MACD line. I think there will be an upward movement fundamentally due to the compression zone generated between the 55 hourly and 4 hour EMAs, after a compression zone I think the bearish trend would end but we should wait for support after the breaking off.

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