Pound Analysis (Daily Time Frame)
On the daily timeframe, the pound is in an upward channel. After hitting the weekly rejection block, the market has become indecisive. We expect a reaction and price increase from this level to the 1.333 area. If the price breaks and stabilizes below the 1.30008 area, we anticipate a decline to the 1.28334 area. The green areas are valuable for buy trades to reach targets of 1.33200, 1.36278, and 1.37994.
Pound Analysis (4-Hour Time Frame)
The pound’s trend on the 4-hour timeframe is upward, but after a deep correction, it has shown downward momentum. We expect a price drop to the lower range of 4-hour, around 1.30028. If the price breaks this area and stabilizes below 1.30000, the next selling target will be 1.28719.
Pound Analysis (15-Minute Time Frame)
The pound has downward momentum in the 15-minute timeframe. We expect a price increase to the spike origin at around 1.31631, followed by a reaction and price drop to the 1.30026 low. The green area is valuable for buy trades.