Pound Analysis (Daily Time Frame)
The pound has changed its nature, breaking down from its upward range. We expect a price increase to the 1.31778 level. However, if the price fails to surpass the 1.32666 level, a decline to 1.26084 is anticipated.
- Main Scenario: Consider buy positions from corrections above the 1.2920 level with targets at 1.3600 – 1.3800.
- Alternative Scenario: A break and stabilization below the 1.2920 level would allow the currency pair to drop to the 1.2600 – 1.2288 levels.
Pound Analysis (4-Hour Time Frame)
The pound has reached a support zone, and we expect a price increase to the 1.31784 level. In this area, confirmation may allow for short positions. If this zone breaks upward, the next target for short trades would be around 1.33087. The marked green zones on the chart indicate valuable areas for buy trades.
Pound Analysis (15-Minute Time Frame)
The price is moving toward the upper range of the lower timeframe. We expect an increase to the 1.30781 level. As long as the price remains below the 1.31224 level, the trend remains bearish. If it stabilizes above this level, there is potential for further price increases to higher levels.