Daily: Against the background of the large trend potential of the ADX indicator, there is a significant absorption from buyers, which signals a high probability that the price will continue to rise at the level of 1.3500.
Н4: Here you can outline the frames of the local area of consolidation near the upper Bollinger band (1.3410-1.3448). GBPUSD is likely to stay in this range until ADX reaches 30.
Н1: The dynamics within the day is also located at the consolidation level, which indicates a high probability of the transfer of the upward movement, at least to the next day.
Scenarios:
- The main one is the fluctuation in the corridor 3410-1.3448.
- Alternative – growth to 1.3500.
Solutions: Buy orders from 1.3410 to 1.3448 and 1.3500.