Daily: The lower Bollinger band (1.1384) has not been tested, so optimism about the possible growth of the pound should be restrained. Nevertheless, there is a probability of movement towards the midline (1.1841).

H4: The pair is squeezed by the limits of the upper Bollinger envelope (1.1530-1.1615). With a high probability, these boundaries will remain today.

H1: Breakdown of the upper Bollinger envelope indicates the possible continuation of growth. However, the resistance area at 1.1595-1.1615 looks very strong, so correction to the area of 1.1530-1.1540 is more likely.

Results: Rebound to 1.1530-1.1540, then growth continuation.

Recommendations:

• Selling to 1.1530-1.1540.
• Buying from the zone of 1.1530-1.1540.