Daily: Pounddollar is getting closer to the lower Bollinger envelope (1.3174), from where, according to the logic, a rebound upwards is expected against the background of a decrease in the trend potential of ADX.
Н4: The first thing that catches your eye here is the demand zone 1.3174-1.3200, which has already produced an upward effect on the market several times. Nevertheless, sellers continue to put pressure on, so it is advisable to wait for the fact of the price rebound upwards at the beginning.
Н1: Here we also see bullish pressure. So, if GBPUSD cannot hold at the support level of 1.3174, consider selling to 1.3100.
Scenarios:
- The main one is a rebound upward from 1.3174 to 1.3238.
- Alternatively, a fall to 1.3100.
Solutions: Waiting for a signal confirming one of the scenarios.