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Correction to 1.43

Correction to 1.43 | 01 March 2016

01 March 2016, GBP/USD

Daily chart: the way to a technical upward correction toward the middle Bollinger band (1.4298) is open

Correction to 1.43

Н4: ADX shows a growing activity, so here we can also testify bullish pressure towards 1.4298. To enable this scenario, the price needs to break resistance 1.4017 (the upper Bollinger band).

Correction to 1.43

Н1: ADX shows trend determination.

Correction to 1.43

Expectations: now we expect an attack of the level 1.4017 and surge to 1.4298 (possibly, hit of the target will be rescheduled for tomorrow - passing more than 300 points in one day will not be easy)

Trading solutions: to buy 1.4298 (extraday)

Aleksey Panasenko
FreshForex Analyst
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