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