Forex Technical Analysis: Trend potential – Shot to 1.2700 Possibility

GBPUSD – FlatDaily chart: ADX shows active trend, so we may expect upper Bollinger envelope breakout (resistance at 1.2634) Н4: here resistance level is at 1.2556 (upper Bollinger band). ADX is growing but not trending yet, so there may be possibility of rollback to 1.2464 region (middle Bollinger band). Н1: here we are observing a very strong bullish pressure that is likely to ensure shot to 1.2615 (in case of 1.2556 breakout). Considering daily chart setup we may even see rise to 1.27. Expectations: Core scenario – shot to 1.27 Alternative scenario – touch of 1.2556 followed by drop to 1.2494. Trading signals: consider buying towards 1.2700 (by 1.2556 breakout)
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