The pair may recover to 1.4012

06.04.2021

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Daily chart: Quotes of “British” are in the upper Bollinger envelope, which indicates a high probability of further growth of the pair to the level of 1.4012 (upper Bollinger line). Bollinger bands are stable, and ADX has not gained trending momentum yet, therefore, we do not wait for the pound to be higher than the indicated mark.

Н4: locally, the presence of the ADX trend potential is noted, which indicates a possible impulsive upward movement to break the upper Bollinger envelope in the 1.3927 zone. We are waiting for a pair at 1.4012.

Н1: within the day, the pair can also go through consolidation within the range of the upper Bollinger envelope (1.3897-1.3927). But this process should be viewed in the context of accumulation before continuing to grow.

Conclusions: growth to 1.4012.
Trading decisions: purchases to 1.4012.