GBPUSD – FlatDaily chart: moderate ADX growth makes two scenarios possible: continuing drop and upside correction (as lower Bollinger band is almost broken). However, it’s worth to mention potential of mid-term decline towards 1.2142. Н4: here we have active ADX, so support level at 1.2335 (lower Bollinger band) can face bearish pressure. Н1: local ADX is weak, so the price may stay in 1.2353 region for a while (lower Bollinger band). Resistance level is localized on middle Bollinger band (1.2402) Expectations: Core scenario – touch in 1.2335-1.2353 region followed by upside rollback towards 1.2402 Alternative scenario – drop to 22 region (in case of breakout of 1.2335) Solutions: consider selling from 1.2402 region counting on midterm drop to 1.2142.
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