Daily chart: the bears did not manage to build on their success yesterday after the breakdown of the lower Bollinger envelope, but the overall bearish trend potential remains here. If it were not for the factor of today’s news, with great confidence we would speak about the dominance of the negative forecast for the pound.

Н4: the local lower Bollinger band is at 1.3384, which is the minimum actual target for sellers. It is obvious that the quotation could fall substantially lower if non-pharma turns out to be good for the United States.

Н1: the upward correction looks very unconvincing, forming a clear sloping support, which can be broken at any moment. Additionally, a strong resistance area 1.3489-1.3523 is located above the current price, from where the pair can be very actively sold off against the background of the publication of macroeconomic statistics.

Conclusions: flat to NFP, and then a fall in the direction of 1.3400 and possibly lower.
Trading decisions: sales from the 1.3489-1.3523 zone to 1.3400.