GBPUSD – FlatDaily chart: the pair remains within the bottom Bollinger envelope (99.83-101.83). The bottom envelope was not broken, so there is a probability of move to the upper envelope (to 103.87) Н4: support is at 100.77 (middle Bollinger band), resistance is at 101.83 (the middle daily band). ADX is corrective, but it is in the active zone, so they can be surprises. Н1: decline on the background of a well-expressed divergence of the oscillator. There can be two ways: either a direct drop with break of the bottom envelope, or workout of the Over&Under pattern (return to zone 101.74) The main scenario – decline to 100.50 followed by a return to 101.10-101.30 The alternative scenario – a return to 101.74 and only then the main phase of decline to 100.35 Trading solutions: it is a difficult day to find entry points. To get the best point for sell orders, you need to omit an upward pullback. The best possible area is 101.74
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