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.
Н4: the strong support is more localize in zone of rising bottom Bollinger line (1.4243). It could be bounce from this zone.
Н1: it is flat but I think older frames would have influence on pair and price would decrease. It isn’t time for buy.
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.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
