Continuation of the fall after the correction

03.07.2021

Daily chart: the pair continues to fall at a round angle against the background of a strong ADX trending potential. There are very good chances to see the pound in the 1.3670-1.3700 zone today.

Н4: local pressure on the lower Bollinger envelope in the 1.3741 zone is also very high. We are waiting for a breakdown of support and a further drop in quotations.

Н1: within the day, a rebound was obtained from support 1.3741, which led to the formation of a pin-shaped bullish bar. Therefore, there is a possibility of a correction to the upper band (1.3788) before the decline continues.

Conclusions: a decline to the 1.3670-1.3700 zone. Preliminary, correction to 1.3788 is possible.
Trading decisions: sales from the 1.3788 zone to 1.3700 and 1.3670.