Daily: The pound is trading in the middle of the upper Bollinger envelope again. ADX potential is declining so price is likely to remain at current levels.

H4: Stable horizontal Bollinger envelopes provide a sideways range of 1.2363-1.2466. The major axis naturally runs in the 1.2400-1.2413 zone (middle Bollinger band).

H1: The intraday range is gradually narrowing and limited to the levels of 1.2385-1.2447. The forecast for the day is a flat around the 1.2400-1.2413 area.

Recommendations: flat around the 1.2400-1.2413 area.