manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Key support is1.32

27 June 2016, GBP/USD

Daily chart: an intense breakout of the lower Bollinger envelope on news suggests further downward prospects. But, given the inactive status of ADX, a rollback to the middle band (1.4383) can happen before.

Н4: local ADX is very active, so despite the gap, the purchases are not considered.

Н1: the pair is sandwiched between 1.3200 and 1.4250. Although the word "grip" can hardly be applied to the 1000-points' range.

The main scenario - touch of 1.3200 followed by a bounce to 1.3739

The alternative scenario - decline to 1.30

Solutions: Sales to 1.32 and 1.30.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

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

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .