Market analysis for GbpUsd pair with Bollinger Bands Indicator on Monday, July 13, 2026 The buyers failed to maintain their dominance in the GbpUsd pair traded last Friday because their bullish attempt was unable to break through the sellers’ barrier, as it was strongly contained by sellers below the seller resistance area at 1.3449-1.3448. This area was firmly defended by sellers after they managed to dominate trading by continuously pushing the price down into a deeper bearish move, maximizing the selling pressure applied by the sellers.
Monitored using the Bollinger Bands indicator on the Daily timeframe, it can be seen that the price or candlestick of the GbpUsd pair has been taken over by the sellers, who dominated the session by driving the price down bearishly away from the Upper Bollinger Band area at 1.3468. This move is supported by a very strong series of bearish candlesticks, indicating that the GbpUsd pair is likely to continue its bearish decline even deeper in today’s trading. Sellers will try to push the price down with a target to reach and test the Middle Bollinger Band area at 1.3296, and if this area is successfully broken out to the downside, then the GbpUsd pair will plunge further bearish with a target towards the Lower Bollinger Band area at 1.3129. Trading in the GbpUsd pair this Monday is once again firmly in the hands of the sellers, who have been able to pressure the price to weaken bearishly and even create a bearish GAP area. Sellers are attempting to push the price down towards the nearest buyer support area at 1.3371-1.3370. However, if the buyers are able to keep the price holding within this nearest buyer support area, then the price can be driven back up strongly in a bullish move by the buyers, targeting the nearest seller resistance area at 1.3434-1.3435. Technically, bearish pressure is still very strong, so looking for Sell entry opportunities is the preferred trading choice for today by placing pending orders in the following areas: A sell entry can be taken if sellers manage to break below the nearest buyer support area at 1.3371-1.3370, with the TP target area at 1.3347-1.3346. A buy entry can be taken if buyers manage to break above the nearest seller resistance area at 1.3434-1.3435, with the TP target area at 1.3474-1.3475.
