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Looking to buy to 1.4248

11 April 2016, GBP/USD

Daily chart: Friday - bullish inside bar against growing ADX can lead to growth of the pair at least to the middle Bollinger band (1.4248)

Н4: locally strong resistance around 1.4186 (upper Bollinger band), from where correction to the middle band (1.4102) may take place

Н1: very active ADX plus we see that buyers are intensively pushed from the middle Bollinger band. So, we are waiting for finalization of levels 1.4186 and 1.4248

Expectations: The main scenario - touch of 1.4186, then a pullback to 1.4102, and then pass the main growth phase to 1.4248 (the target may be reached tomorrow) The alternative scenario - a direct surge to 1.4248

Trading solutions: we are looking to buy to 1.4248.

Aleksey Panasenko
FreshForex Analyst
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