GBPUSD is expected to fluctuate in a range

09.12.2021

Daily: Sellers were able to set a new low, but did not beat the lower Bollinger band. The pressure from the ADX indicator is still there, which gives reason to expect activity from the bears.

Н4: At four o’clock, a long-term correction within the lower Bollinger band (1.3192-1.3240) may well continue today, although there are no hints from the ADX about a potential trend.

Н1: The state of Bollinger envelopes is stable, with a support at 1.3240 and a falling ADX. So, for the day it is possible to predict the sideways trend in the zone 1.3186-1.3240.

Conclusions: Lateral in the zone 1.3186-1.3240.
Solutions: Short-term orders in the zone 1.3186-1.3240.