We are waiting for a rebound up from 1.4182

01.06.2021

Daily chart: intraday correction of the pound started earlier than the upper Bollinger band (1.4292) was worked out, so the bulls will continue to look for their opportunities on the pullback.

Н4: a strong rebound down from the local upper Bollinger band (1.4249) may allow quotes to roll back to the support zone 1.4107-1.4121. Therefore, this area is the most interesting for purchases.

Н1: we also note a strong support zone at the lower Bollinger band (1.4182), which protects the bullish character of the medium-term trend. ADX activity is not too large for the bears yet to pretend to move below this level.

Conclusions: decline to 1.4182, then return of the price to 1.4249.
Trading decisions:
1. sales to 1.4182.
2. purchases from 1.4182 to 1.4249.