GBPUSD is flat today

29.11.2021

Daily: the currency pair almost reached the lower Bollinger band (1.3253), from which there was a strong rebound, with the ADX moving into the trend zone. This gives a powerful signal of a complete market reversal upward.

Н4: there is a low trend potential from the ADX indicator, which confirms the possible consolidation of the market in the zone of Bollinger bands from 1.3295 to 1.3370.

Н1: the one-hour chart also shows trading in the range of Bollinger bands 1.3316-1.3349, while hints of trends from the ADX are decreasing. So we can safely talk about lateral movement throughout the day.

Conclusions: the corridor is within 1.3316-1.3349.

Trading decisions: shorts in the range 1., 3316-1.3349.