Decline to 1.3600

19.08.2021

Daily chart: bears dominate, breaking the lower Bollinger envelope against the background of active trend pressure from the ADX indicator. The pair is already in the 36th figure, so today we can expect an attempt to decline below 1.3600.

Н4: locally there is also trendy bearish pressure on the market. The lower Bollinger band has shifted substantially below the round level of 1.3700, so the further forecast for the pound is negative.

Н1: on all timeframes there is an ADX trend dynamics in favor of sellers. We are waiting for the continuation of the fall in quotations of the British pound in the direction of 1.3600.

Conclusions: decline to 1.3600.
Trading decisions: sales to 1.3600.