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We are expecting GBP decrease to 1.4050

We are expecting GBP decrease to 1.4050 | 23 March 2016

23 March 2016, GBP/USD

Daily chart: we can see flat and medium-term aim is on bottom Bollinger line (1.3844)

We are expecting GBP decrease to 1.4050

Н4: we can see trend accumulating of strong bearish potential. Decrease impulse is possible in direction of 1.3844 level (black pointer) or with stay into pivot zone 1.4050 level (red pointer).

We are expecting GBP decrease to 1.4050

Н1: it is the same situation. We are expecting decrease to 1.4050 or deeper. So I wouldn’t advise to buy into this zone. It is safety to miss upwards pullback and then sell to 1.3844 level.

We are expecting GBP decrease to 1.4050

Expectation:decrease to 1.4050 level.

Trading decisions: sell to 1.4050 level.

Aleksey Panasenko
FreshForex Analyst
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