GBPUSD – We have a signal to buy!

16.08.2023

Daily: a fairly clear bounce from the lower Bollinger band indicates a high probability of reaching the middle line (1.2775), which is the nearest target for buyers.

H4: the price is within the upper Bollinger envelope, which will also contribute to the quotes growth to the area of 1.2756-1.2775.

H1: the upper Bollinger envelope is broken, which is a direct signal to buy from the middle band (1.2700).

Conclusions: growth from 1.2700 to 1.2775.

Recommendations: Buy from 1.2700 to 1.2775.