Daily: The pair has tested the upper boundary of the Bollinger envelopes, remaining in a very wide range of 1.2087-1.2267. It is quite possible that the quotes may roll back down to the initial levels.

H4: Here there was a break-down of the upper Bollinger envelope, so the correction depth is potentially limited by the middle band (1.2117), where the pound may start to be actively bought again.

H1: We confirm the possible interest of the buyers in the zone of 1.2117, where the H4-middle and H1-bottom Bollinger bands converge.

Results: Decline to 1.2117, then growth to 1.2201.

Recommendations: Buying from the zone 1.2117 to 1.2201.