Daily chart: break through the upper Bollinger band (1.3980), in the immediate vicinity of which the most important psychological resistance 1.4000 is located – an absolutely impossible task for bulls against the background of such a weak falling ADX. There are no direct signals for a fall in quotations, therefore, the pair may remain at current levels, accumulating potential. But, generally, the perspectives for a medium-term decline in the pound look more obvious.

Н4: locally, the pair remains in the consolidation zone 1.3910-1.3939, where the accumulation of hourly Bollinger average lines is located. ADX is falling, which also speaks in favor of the flat forecast for today.

Н1: the potential intraday trading range is limited by the size of Bollinger envelopes (1.3912-1.3945). On all timeframes, there is a flat ADX, so the instrument’s volatility, with a high probability, will not exceed 30-40 points.

Conclusions: flat in the range 1.3912-1.3945.
Trading decisions: short-term deals in the range 1.3912-1.39945.