GBPUSD – FlatDaily chart: for this moment we have a downside correction towards middle Bollinger band (1.2341). There is likely to occur starting from middle band rebound towards 1.2646 (upper Bollinger band) Н4: intermediate support level is in lower Bollinger band region (1.2460). ADX/RSI are correcting, that’s why intermediate support is very hard to overcome today. If it stands, we are likely to see rollback to 1.2579 (middle Bollinger band) Н1: locally we are observing breakout of lower Bollinger envelope. Given this set-up consider selling from middle Bollinger band (1.2579). The target is 1.2460 Expectations: the pair is expected to touch 1.2579 and later decline towards 1.2460 Solutions: consider selling from 1.2579 to 1.2460
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