Pound Analysis (Daily Time Frame)
The pound is in an upward trend on the weekly and daily timeframes, approaching the lower boundary of the ascending channel.
Main Scenario: We expect an increase in price towards the 1.3009–1.2865 range. If the price fails to stabilize above this level, consider short positions from corrections below the 1.3017 level, targeting 1.2240 – 1.1900.
Alternative Scenario: A breakout and stabilization above the 1.3017 level will allow the pair to continue rising towards the 1.3440 – 1.3800 levels.
Pound Analysis (4-Hour Time Frame)
A price decline towards the 1.2500 range is anticipated. Upon confirmation, it is possible to test buy trades targeting 1.2700.
Pound Analysis (15-Minute Time Frame)
An increase in price is expected towards the 1.2637–1.2642 range. If this area is maintained, the next target for sell trades will be 1.2550.
If the price stabilizes above the 1.2642 level, the next target for buy trades will be 1.2700.