GBPUSD – FlatDaily chart: ADX is growing but not trending yet. However, the price is beyond lower Bollinger envelope and the pair is declining. 1.2142 may be general target. Н4: here we are observing increased ADX activity and the major expectation is continuing decline towards 1.2142. Н1: here we have oversold oscillator but it is weak signal against such an aggressive ADX. We expect drop to above mentioned target level. Expectations: major expectation is decline towards 1.2142. If not correction is possible but there no technical reasons for that yet. Solutions: consider selling to 1.2142.
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