08 June 2016, GBP/USD
Daily chart: note the completely passive ADX, so there is nothing to expect from the pair. However, within the daily range, potential touch of the upper band (1.4706) is a big fluctuation. H4: more localized resistance - 1.4607 (upper Bollinger Band). Support at 1.4486 (middle band). ADXis in the trend area, so the advantage is for bulls. H1: here is a ragged structure, the oscillator showed a divergence. All this creates an ambiguous scenarios. If the support 1.4527 is broken, the pair may "fill up" to 1.4488 and below. Expectations: The main scenario - decline to 1.4527 and then bounce up to 1.4579 and 1.4607 The alternative scenario - decline to 1.4488. Trading solutions: look for the signals up at the levels 1.4527 and 1.4488.
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