Monthly chart: upper Bollinger's band moved above to 1.3753. Taking into account pressure from ADX, we can assume that upper trend is shaped very well and has two possible paths: either a direct way to the subsequent level (1.4285), or rollback from Bollinger's average band (1.31), from where a strong impetus to 1.4285 will take place. Failure of this scenario is only possible under 28th figure (blue arrow) and there is almost no technical sense to consider this option within the frame of weekly forecast.
Weekly chart: the scenario is very close to the above-mentioned, but support is more localised (1.3264 - Bollinger's average). ADX is in a very active bullish phase, that is why we may not find the pair below 1.3264 Euro.
Daily chart: signs of divergence are observed, so, the main scenario should be retracement held down from zone 1.3753. Support: the points 1.3552, 1.3473. The last of them has 200 pips of space for a free drop.
We can conclude that the main scenario is the retracement held down from 1.3753. Its targets wll include 1.3552, 1.3473, 1.3264. On each of these levels strong long signals can be formed, which we should give attention to. Middle-term target point for bulls - 1.4285 — looks as real and promising to a high extent.
Another option is breaking of 1.3753 and direct growth to 1.4285. GBP/USD Monthly chart: resistance from upper Bollinger's band (1.6530), support from the average Bollinger's band (1.5779). In general, dynamics of the British Pound looks like ascending, with a general target as of 1.7042. Thus, we are wating for the rollback down to 1.5779 either from current levels or upon touching 1.6530.
Weekly chart: here we can see that there is a ground for an even deeper rollback to 1.5549 Bollinger's band. But again - ADX is directed to the North.
Daily chart: bearish Over&Under. Friday start looked as abnormal, though sellers managed to get Pin Bar. Well, this O&U will be good at least in expressing upward market in case of its own cancellation (which will be made in the form ob breaking High 1.6260). If it does not happen, we will be able to see movement up to 1.5549 prior to the start of middle-term bullish front moving to the point of 1.7042.
The main scenario seen is the descent from current levels to 1.5549, from where start of middle-term ascending wave to 1.7042 will be supposedly done. Another option is breaking above 1.6260 and growth of the pair to 1.6530, from where rollback to 1.5779 will be made to get new northen fuel.
Monthly chart: resistance level as of 0.97 has been reached, and now Bollinger's average serves as magnet for the price (1.0054), from where bears can push the pair to 0.8852 again. Bulls' chances will grow if they manage to take hold above 1.0054. In this case, the primary target would be zone 1.0616.
Weekly chart will be in detailed forms of monthly chart. And we see that ADX increases chances of buyers for the breaking of 1.0054.
Daily chart: here totally bullish market dominates. Resistance is the level of 0.9438 (Bollinger's average band). We can see test of Bollinger's average either when falling from present levels is made (0.97) or soon after touching 1.0054. After that I would expect a new probable Northen wave.
The main scenario seen is the growth to 1.0054 and rollback to 0.9438, after which bulls will start attacking the target 1.0616.
There are two possible options. The first one is the rollback to from current levels (from resistance zone 0.97). The second one includes bearish scenario (dropping from 1.0054 to 0.8852).
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