06 April 2016, GBP/USD
Daily chart: the pair continues to stay within the flat range inside the Bollinger envelope (1.4054-1.4483). In this case, so far we have very weak ADX parameters, so we are waiting when bottom wall of the channel is reached, which will be followed by an upward bounce.
Н4: Support 1.3054 looks technically very attractive for purchases and magnets the price on the background of reversal activity of ADX. We are waiting for finalization of 1.4054 and rebound.
Н1: similar conclusions. No place for purchases, bears reserve their potential. But at 1.4054 demand in the pound will be definitely present.
Expectations: now we are waiting for drop to 1.4054 and then an upward bounce towards 1.4160
Trading solutions: 1. Sales to 1.4054 2. Buy from 1.4054 to 1.4160