GBPUSD – FlatDaily chart: bears, obviously, again pull the wheel from the market bulls. Now there are all prerequisites to a fresh start down towards the lower Bollinger band (1.1871). H4: the narrowing of the Bollinger envelopes happens on insufficient ADX parameters, so the flat can theoretically be continued. But we must be ready for the start of decline. H1: local support is at the lower Bollinger band (1.2128), the resistance – 1.2184 (middle Bollinger band). Expectations: decline to 1.2128 (perhaps after touching 1.2184). Trading solutions: sales from 1.2184 to 1.2128.
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Forex Technical Analysis: Trend potential – Pound. The decline may begin at any time
