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Sales around 1.4272-1.4285 by 120 points

04 April 2016, GBP/USD

Daily chart: the pair will face waits firm support in the zone of 1.4072 (the bottom Bollinger band), which, taking into account contradicting record of ADX/RSI, with great probability will make the price bounce up to 1.4272 in the medium term.

Н4: a similar situation - broken bottom Bollinger envelope, on the one hand, it opens the way to 1.4072, whereas on the other hand - the pair can enjoy the right to correction to the middle band (1.4341)

Н1: much more localized resistance 1.4272-1.4285 area. Support is in the area of ​​1.4158 (the bottom Bollinger band).

Expectations: touch of 1.4272-1.4285 and then finalization of the southern target 1.4158

Trading solutions: sell from 1.4272 to 1.4158

Aleksey Panasenko
FreshForex Analyst
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