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Decrease to 1.4152-1.4174

10 March 2016, GBP/USD

Daily chart: if not a big bullish convergence of the oscillator, you wouldn’t have doubts in decrease to 1.3812 (bottom Bollinger line, look at the red arrow). But the price can rise to the upper line (1.4599, look at the blue arrow).

Decrease to 1.4152-1.4174

Н4: pair has pressed into the range 1.4152-1.4278

Decrease to 1.4152-1.4174

Н1: horizontal corridor is in 1.4174-1.4243. We are waiting for decrease to bottom line.

Decrease to 1.4152-1.4174

Expectation: decrease to 1.4152-1.4174

Trading decisions: sell to 1.4152-1.4174

Aleksey Panasenko
Analyst of «FreshForex» company
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