GBPUSD – Decline to 1.2675

09.08.2023

Daily: the pair keeps the tendency to multidirectional trading within the range of the lower Bollinger envelope. At the same time, there is an increase in trend interest in the ADX indicator.

H4: downward phase of movement towards the support at 1.2675 (lower Bollinger band). A deeper fall is unlikely as the envelopes are stable.

H1: intraday, the lower Bollinger Band envelope was broken, which suggests a further drop in quotes to 1.2675.

Conclusions: decline to 1.2675.

Recommendations: Sell to 1.2675.