Daily: the development of the downward correction in the direction of the middle Bollinger band (1.2593) continues. The probability of reaching this target is high.

H4: The bottom Bollinger envelope was broken through, which allows you to consider selling from the middle Bollinger band (1.2735). ADX indicator is gaining momentum, which also argues in favor of the negative scenario for the pound.

H1: we also do not exclude the postponement of the one-day workout in case of the market consolidation within the Bollinger envelopes (range 1.2700-1.2735).

Scenarios:

• Main – consolidation in the range of 1.2700-1.2735.
• Alternative – decrease towards 1.2593.

Recommendations: Sell from the area of 1.2735.