Saved local copy captured 2026-11-01. Data is a snapshot, not a live feed.

The pair is preparing for a downward reversal

18.10.2021

Daily chart: the upper Bollinger band (1.3774) has been tested, therefore, taking into account the absence of the ADX trend potential, we can expect a transition to a downward phase.

Н4: the upper Bollinger band was also tested locally, followed by the formation of a bearish inside bar. This is a clear signal of a reversal, which is also in line with the negative forecast for the pound.

Н1: we cannot exclude another upward impulse to the area of 1.3774, which, with a high probability, will be used by sellers to build up short positions.

Conclusions:
The main scenario is a decline in the direction of 1.3670.
An alternative scenario is an upward rebound from 1.3725, then a rise to 1.3774, then a final downward reversal.
Trading decisions: selling from the 1.3774 zone to 1.3725 and 1.3670.