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Decline

14 July 2016, GBP/USD

Daily chart: the pair in the middle of a very wide range formed by the lower envelope Bollinger (1.2339-1.3663). Sellers need to look for opportunities for the downward entry points closer to the upper border of this range.

Н4: two well-shaped support lines - 1.3097 and 1.2810 (middle and lower Bollinger bandsа)

Н1: active trend ADX also indicates a bearish continuation.

Expectations: Now, fall to 1.3097 and maybe toward 1.2810

Solutions: sale to 1.3097 and 1.2810 (extraday)

Aleksey Panasenko
FreshForex Analyst
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