Pound Analysis (Daily Time Frame)
Main Scenario: If the price remains below 1.3049, consider sell positions from corrections below this level with targets of 1.26130 – 1.25891.
Alternative Scenario: A break and consolidation above the level of 1.3049 would allow the currency pair to rise to levels of 1.3440 – 1.32354.
Pound Analysis (4-Hour Time Frame)
In the 4-hour time frame, the Pound is in a downward trend, having re-entered a bearish phase after hitting the top of the descending channel. If the area of 1.29809 is maintained, the decline may continue to around 1.27176.
If the price breaks and consolidates above 1.29809, an increase to the area of 1.31779 is likely. The next targets for buying positions in the Pound are 1.32380 and 1.33690.
Pound Analysis (15-Minute Time Frame)
In the 15-minute time frame, it has shown bullish momentum, with a potential price increase to around 1.30200.
If the top of the descending channel breaks and consolidates, buying positions can be entered with price targets of 1.32502 and 1.32912.