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.
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