Pound / dollar. Bullish sentiment is gradually increasing, but be careful

Drawing attention to the 4 hours chart, you will notice that at the auction on Wednesday, the exchange rate was able to penetrate the upper limit of downward short-term trading range, which led to increased growth and bullish sentiment in the region 67y pound figure.

GBP / USD

Now look at the indicators:

Current price level is above the moving averages with periods of 34, 55, 89 and 144, which are the closest strong support levels 1.6620/00 and 1.6560/40.

The MACD histogram is located in the positive zone, above its signal line, continues to rise and thus generates a signal to buy a pound.

Stochastic Oscillator entered the overbought zone and does not give a clear signal as the% K line merged with the line of% D.

Since trust in just one clear signal is clearly risky, then a confirmation that the forex market on the currency pair is likely to worsen again bullish sentiment, we need to wait for the breakdown of the resistance level 1.6700, which could open the path to levels of 1.6750, 1.6800/30 and 1.6870 (local maximum).

Resistance levels: 1.6700/10, 1.6750/60, 1.6800, 1.6820/30, 1.6860/70

Current Price: 1.6673

Support levels: 1.6660/40, 1.6620/00, 1.6560/40, 1.6510/00, 1.6470, 1.6450