Daily: two consecutive breakdowns of the lower Bollinger envelope is very bad for the bulls, and, accordingly, good for the sellers. As soon as the price is sold below the round level of 1.2600, the market may drop almost 100 pips.

H4: the optimal sell-off zone seems to be the middle Bollinger band (1.2639). The first target will be the lower boundary of the envelopes at 1.2523.

H1: we confirm the barrier in the zone of 1.2623-1.2639. We wait for testing of this area and sell the pound in the expectation of falling to 1.2561 and 1.2523.

Conclusions: decline from the zone 1.2623-1.2639 to 1.2561 and 1.2523.

Recommendations: Sell from the zone 1.2623-1.2639 to 1.2523.