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Drift within 70 points' range

Drift within 70 points' range | 20 October 2015

20 October 2015, GBP/USD

The daily chart: bulls could not get through the upper Bollinger band, so we can expect a decline of the price to the area of the middle band (1.5293)

Н4: locally, the pair is squezzed within the range 1.5417-1.5496.

Н1: Bollinger envelopes and ADX also have the flat status. We expect drift between 1.5428 and 1.5496

Expectations: flat within the corridor 1.5428-1.5496

solutions: Sales from the top border of the flat (1.5496) to the bottom border (1.5428)

Aleksey Panasenko
FreshForex Analyst
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