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GBP is to decrease to 1.4243

GBP is to decrease to 1.4243 | 22 March 2016

22 March 2016, GBP/USD

Daily chart: price is going according to possibility with medium-term decrease in direction of support from middle Bollinger line (1.4182). There isn’t decrease impulse so bears should be patient in decreasing to this aim.

GBP decrease to 1.4243

Н4: the strong support is more localize in zone of rising bottom Bollinger line (1.4243). It could be bounce from this zone.

GBP decrease to 1.4243

Н1: it is flat but I think older frames would have influence on pair and price would decrease. It isn’t time for buy.

GBP decrease to 1.4243

Expectation: we are consider possibility with pair decrease to 1.4243 (aim could be reached in nearest future but not today)

Trading decisions: sell to 1.4243.

Aleksey Panasenko
FreshForex Analyst
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