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Zone of possible purchases - 1.4377

18 March 2016, GBP/USD

Daily chart: Yesterday bulls ensured themselve an important positional advantage, breaking another local ceiling, therefore, despite a chance of a backward rollback, you must be very careful with sales (if not to avoid). We are waiting for a clear local signal to enter upwards and buy.

Н4: Zone of possible support for purchases - 1.4273 (middle Bollinger band). Nevertheless, it is better to wait for respond of the price to this level, and only then open positions.

Н1: clamping of the pair within the range 1.4377-1.4535. Thus, 1.4377 is a very important prognostic level for today.

Expectations: now we are waiting for touch of 1.4377 and then spike up to 1.4535

Trading solutions: buy from 1.4377 to 1.4535

Aleksey Panasenko
FreshForex Analyst
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