GBPUSD, trading range 1.2100-1.2204

daily schedule : Technical descending correction very quickly reached the middle lane of the Bolinger (1.2138), where the price can delay for some time. In general, the chances of the bears for transfers of the pair into the lower envelope of the Bolinger look big.

H4 : dense support zone in zone 1.2138-1.2200. The ADX potential is insignificant, so the bears may not have enough strength to break the specified area.

H1 : We also note the fall of trend potential inside the day. Thus, we do not exclude Testing of a round level of 1.2100, but it is unlikely that the price will be lower.

Conclusions : Flet in the range 1.2100-1.2204.

Trade decisions : Trade in the range 1.2100-1.2204.