GBPUSD – Trading range 1.2255-1.2304

27.06.2022

Daily: the market continues to consolidate in the area of 1.2270-1.2358, where the middle Bollinger bands from three timeframes are located. The ADX indicator is also falling.

H4: local Bollinger envelopes are extremely stable, which limits the potential volatility of the pair to 95 points (1.2211-1.2304).

Н1: we confirm a very strong resistance in the zone 1.2297-1.2304, from where we can consider selling in the direction of support 1.2255.

Result: flat in the range of 1.2255-1.2304.