25 March 2016, GBP/USD
Daily chart: the pair has entered the wide range 1.3861-1.4517, but we should not forget about some reversal of the bullish moment against the background of a strong convergence of the oscillator. Therefore, now it is possible to look for the entry points in the upper part
Н4: the bottom Bollinger band is based at the round price level 1.4002 and attracts this support. Local resistance is 1.4185 (middle Bollinger band). Possible goal of the bullish impulse - 1.4370 (Upper Bollinger Band).
Н1: from 1.41 we see a local bullish pattern Over&Under, which was also formed on the background of bullish convergence of the oscillator that adds weight to this setup
Expectations: so , we are waiting for touch of 1.4098 and start of the upward movement. First to 1.4168-1.4185 and then to 1.4370 (extraday)
Trading solutions: buy from 1.41 to 1.4185 and 1.437070
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us