Log in

1.4519 is to be reached

25 May 2016, GBP/USD

Daily chart: the pair has actively approached the upper Bollinger band (1.4692), however, we re-state an absolute lack of interest from ADX, so the basic expectation will be a drop in the direction of the middle band (1.4519)

Н4: we also see a trend ADX in the correction step. This may be enough to finalize zones 1.4519 and 1.4442 (middle and bottom Bollinger bands, respectively)

Н1: we do not expect the pair lower than 1.4519, cause there is a very strong dynamic support from the ascending bottom Bollinger band).

Expectations: decline towards 1.4519 and an upward bounce to 1.4595

Trading solutions: 1. Sales to 1.4519. 2. Buy from 1.4519 is possible after formation of the local Long-signals

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.