GBPUSD – Flat
Daily chart: there is downside correction towards middle Bollinger band (1.2341). The band is possible starting point of rebouтв towards 1.2646 (upper Bollinger band)
Н4: intermediate support level is in lower Bollinger band region (1.2460). ADX/RSI is corrective, so this level may be able to stop the pair from further movement and force rollback to 1.2579 (middle Bollinger band)
Н1: locally we have breakout of lower Bollinger envelope. Considering this set-up one may sell from middle Bollinger band (1.2579). Target is 1.2460
Expectations: the pair is expected to touch 1.2579 and then decline to 1.2460
Solutions: consider selling from 1.2579 to 1.2460
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