We are waiting for the sales from 1.4105

15.06.2021

Daily chart: ADX has not gained trending momentum yet, therefore, a possible breakdown of the support 1.4072 on the lower Bollinger band is questionable. Probably, such a scenario will be delayed in time, and the quotes will again roll back in the direction of the middle line (1.4147).

Н4: the local dynamic level of support from the lower Bollinger band is at 1.4060, so it is possible that this zone will be tested before an upward reversal.

Н1: the hourly lower Bollinger envelope has been broken, and now the market is correcting to the middle band (1.4105). Therefore, we consider active sales of the British pound from this mark.

Conclusions: a rollback to 1.4105, then a decline to 1.4060.
Trading decisions: selling from the 1.4105 zone to 1.4060.