GBPUSD, trading range 1.2217-1.2275

daily schedule : the market retains some residual upward potential, the bulls do not mind testing the upper strip of the bellinger (1.2357).

N4 : an unsuccessful attempt to break through the upper envelope of the Bollinger can lower the quotes first to 1.2200 (the midline of the Bollinger), and then to 1.2115.

N1 : Explicit consolidation in the Bolinger envelopes range (1.2217-1.2275). There are no signs of increasing volatility, which is quite characteristic of Friday.

Conclusions : Consolidation In the range 1.2217-1.2275.

Trade decisions : Trade in the range 1.2217-1.2275.

close