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Buy from 1.42 by 100 points

Buy from 1.42 by 100 points | 12 April 2016

12 April 2016, GBP/USD

Daily chart: the pair has predictably reached the middle Bollinger band (1.4237) and now, within the wide-range break-even channel it mat continue movement to the upper band (1.4483)

Buy from 1.42 by 100 points

Н4: The local support is at 1.4135 (middle Bollinger band), but ADX is active, so bulls can boost their activity even without touch of this area.

Buy from 1.42 by 100 points

Н1: local support is at 1.4196 (middle Bollinger band), the resistance is at 1.43 (upper band)

Buy from 1.42 by 100 points

Expectations: touch of 1.4196 and then surge to 1.43

Trading solutions: buy from 1.42 to

Aleksey Panasenko
FreshForex Analyst
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