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Purchases around 1.41

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

Aleksey Panasenko
FreshForex Analyst
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