GBPUSD – Determine the trading range for today

14.02.2022

Daily: The pound began to consolidate in the area of ​​the middle Bollinger envelope (1.3540) against the background of a decrease in the trend potential from the ADX indicator. Apparently, this trend will continue today.

Н4: There are clear boundaries of the horizontal channel between the Bollinger bands (1.3500-1.3581). Higher volatility potential is not observed.

H1: It is possible that the trades will be held in an even narrower corridor between the lines 1.3534-1.3563. On all time periods, there is a lower ADX level, which indicates a high probability of a flat.

Conclusions: Sideways with borders 1.3534-1.3563.

Recommendations: Intraday orders in the range of 1.3534-1.3563.