Daily chart: a confident bounce down from the upper Bollinger band led to the close of Friday’s bar in the lower envelope. This, with a high probability, will be used by the bears to build up pressure on the pound. However, the potential of the ADX is declining, so the pair may consolidate at current levels for some time.

Н4: after the breakdown of the local lower Bollinger envelope a bullish inside bar was formed, which may lead to the development of a correction in the direction of the middle Bollinger band (1.3746), where the key selling area is located now.

Н1: on the hourly chart, the pair is in the middle of the lower Bollinger envelope, therefore, it is equally probably that both a continuation of the decline towards the dynamic support level 1.3654 and a preliminary correction to the middle line (1.3746) are possible.

Conclusions:
The main scenario is a rollback to 1.3746, then a downward reversal in the direction of 1.3654.
An alternative scenario is a decline to 1.3654, then an upward rebound.
Trading decisions:
1. Buying to 1.3746.
2. Selling from 1.3746 to 1.3654.