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100-pips potential in 1.4176 zone

07 March 2016, GBP/USD

Daily chart: bullish convergence of oscillator gives possibility to have correction in the direction of the upper Bollinger line (1.4714).

100-pips potential in 1.4176 zone

Н4: locally pair is in the range of the upper Bollinger envelope (1.4075-1.4272)

100-pips potential in 1.4176 zone

Н1: support is more localize on 1.4176 level (middle Bollinger line).

100-pips potential in 1.4176 zone

Expectation: pullback to 1.4176 and then growth to 1.4272

Trading decisions: buy from 1.4176 to 1.4272

Aleksey Panasenko
Analyst of «FreshForex» company
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