GBPUSD – Bearish Potential

06.06.2022

Daily: Buyers failed to realize the potential gained from the formation of a bullish inside bar, so support from the middle Bollinger band (1.2458) is now under threat.

Н4: locally, the pair is in the process of working off the broken lower Bollinger envelope, which will also create pressure on the area of 1.2458.

Н1: significant trend activity of the ADX indicator makes the negative forecast unambiguous. We are waiting for a couple in the 23rd figure.

Results: Fall to 1.2400 and in the future to 1.2350.

Recommendations: Sell to 1.2400 and 1.2350.