GBPUSD – FlatDaily chart: the pair is aimed at the upper Bollinger band (1.3454), but the movement is very weak, and a downward ADX is going through correction. This means that, most likely, the price will not leave the upper envelope (1.3200 – 1.3454), as the potential for a breakthrough is not enough. Н4: a better shaped resistance level – 1.3374 (upper Bollinger band). ADX has non-trend status. Support is even better shaped – 1.3245. Н1: at this local frame, the pair is heavily overbought. Thus, resistance area 1.3349 – 1.3374, most likely will make the price bounce down after a test. The main scenario – growth to 1.3349 – 1.3374, and then a downward correction to 1.3291 The alternative scenario – surge to 1.3454 Trading solutions: 1. When we have short signal around 1.3349 -1.3374, we should sell to 1.3291 2. Aggressive bulls may try to test their luck under the alternative option (purchases targeting 1.3454)
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