Pound Analysis (Daily Time Frame)
As mentioned in previous analyses, we anticipated a decline in the Pound to the area of 1.29200.
Main Scenario:
We expect the decline to continue to 1.28679, where buy trades can be tested to reach the target of 1.31275. If the resistance area holds, the next target for sell trades would be at 1.26082.
Possible Scenario:
Price could decline to 1.26151 and then rise again to 1.33034.
Pound Analysis (4-Hour Time Frame)
The Pound is within a downward channel. We foresee a potential price increase to the upper range of the downward channel. If this area holds, another decline to the lower channel may occur.
Main Scenario:
Consider buy positions from the ranges of 1.28720, 1.28020, and 1.26798 to reach targets of 1.31269 and 1.32952.
Alternative Scenario:
Price may rise to 1.31502 and then decline to the lower boundary of the downward channel.
Pound Analysis (15-Minute Time Frame)
The Pound is in a range. There is a possibility of an increase to the upper range. If the range breaks from either side, positions can be taken in the direction of the trend.
The level of 1.30157 is valuable for sell trades.
The green areas marked are valuable for entering buy trades.