Daily: The bulls successfully broke the inside bar on Friday, giving them the potential for further price movement. But the lower Bollinger band remains at 1.3155, so there are risks of another consolidation.
Н4: The bearish phase of the movement is limited by the support level 1.3187 (lower Bollinger band). In such conditions, the most likely scenario is flat.
Н1: The GBP demand can provide the psychological level of 1.3200, which is in the same area as the lower Bollinger band at H4. So, we expect a rebound up from this area with targets at 1.3244 and 1.3285.
Conclusions: Growth to 1.3244 and 1.3285, after falling to 1.3187-1.3202 ,.
Trading solutions:
- Buy to 1.3187-1.3202.
- Sell from the area 1.3187-1.3202 to 1.3244 and 1.3285.