GBPUSD – Upward correction towards 1.2187

15.02.2023

Daily: the upward correction is approaching the middle Bollinger band (1.2233), where there is a key area of possible sell-off, provided by the breakdown of the lower Bollinger envelope.

H4: We also see a more localized resistance at 1.2187 (upper Bollinger band), which will be difficult to overcome.

H1: there is an intraday trend potential, which indicates a sufficient probability of upward movement continuation in the direction of 1.2187 (upper border of the Bollinger envelopes).

Conclusions: growth to 1.2187.

Recommendations: Buy to 1.2187.