GBPUSD – FlatDaily chart: the pair consolidates within the lower Bollinger envelope (1.1893-1.2360), and ADX continues to be aggressive in the trend area, that could spell surprises in the form of pulse distributions. H4: there is a horizontal band within the range of the Bollinger envelopes (1.2137-1.2243). ADX is weak, so the range is not expected. H1: slightly more localized range for intraday trading – 1.2137-1.2216. A bunch ADX/RSI is synchronously adjusted, which gives certain advantage to the bulls. Expectations:so, we wait for a reduction in the area of 1.2137 and then growth to 1.2216. As some alternative to this scenario could be the option with the rebound from 1.2174. Trading solutions: looking for buying in the 1.2137 area with the 1.2216 aim.
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Forex Technical Analysis: Trend potential – Pound. 1.2137-1.2216 – range for this day
