GBPUSD, limited bull potential

Daily chart: Pair. Yesterday received the first signs of buyers’ weakness – Bear Pinbar, formed from the resistance zone 1.3750-1.3767. As we see, the total testing of the upper band of the Bollinger has not yet happened, so the local maxima is still possible.

H4 : The local overhead strip of the Bollinger is also at 1.3767, which makes the price movement in this area. The potential input zone is the middle line of the Bollinger (1.3670).

H1: We note The boundaries of intraday consolidation inside Bollinger envelopes (1.3696-1.3738). In the case of the maintenance of the price below, there will be signs of a turning pattern “Head-and-shoulders”.


Main scenario – Consolidation in the range of 1.3700-1.3738.

Alternative Scenario – Height to 1.3767.

Trademarks : Shopping from 1.3700 to 1.3738 and 1.3767.