Technical analytics

GBPUSD market technical outlook


Daily chart:

The major keeps the mode of potential accumulation at the area of middle Bollinger band (1.2700-1.2717). Bulls have some advantage in position, that allows to cover the distance to the upper band (1.2835).


Locally the daily trading range is limited by the boundaries of upper Bollinger bands (1.2700-1.2751) - ADX indicator doesn’t express trending potential.


As we see flat forecast for today is going to be the primary - intraday trading goes on the back of weak ADX within 32-pips channel 1.2700-1.2732, where most likely the whole today’s session will pass.



Flat in the 1.2700-1.2732 range.

Trading recommendations:

Trading in the 1.2700-1.2732 channel.


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