20 June 2016, GBP/USD
Daily chart: technical correction towards 1.4458 (middle Bollinger band), whereupon it will drop to 1.4140 (the lower Bollinger band) again
Н4: local bullish potential remains there, so we are waiting for finalization of 1.4458 zone. Bears will need to wait for short signals before entering, because upward breakthroughs are possible.
Н1: Though active trend ADX is a sign of growth, but at the same time we see divergence of oscillator. Bearish scenario can be enabled by movement under the middle Bollinger band (1.4388)
The main scenario: growth to 1.4458
The alternative scenario: decline to 1.42
Trading solutions: Buy to 1.4458.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us