Key levels of support and resistance are 1.3404/1.3543 | 30 June 2016
30 June 2016, GBP/USD
Daily chart: a developing upward correction toward the middle Bollinger band (1.4268), but it is hard to believe in potential of this correction
Н4: clamping within Bollinger envelopes (1.3045-1.3776) on low ADX. The day the pair is expected to rotate around the middle Bollinger band (1.3403)
Н1: weak local ADX, with the support 1.3403 and resistance 1.3543 (middle and upper Bollinger bands).
The main scenario - decline towards 1.3403 followed by surge to 1.3543
The alternative scenario - touch of 1.3543 and then decline towards 1.3403
Trading solutions: 1. Buy from 1.3403. 2. Sell from 1.3543.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
