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Southern potential

15 August 2016, GBP/USD

Daily chart: accumulation of Southern pressure can lead to a noticeable collapse of the pair towards 1.2770.

Southern potential

Н4: resistance is around the middle Bollinger band and the round psychological level (1.2996), where the best possible area for correction and thus sales will be found.

Southern potential

Н1: a better shaped resistance is at 1.2950 (the middle Bollinger band)

Southern potential

Expectations: touch of area 1.2950 and then decline towards 1.2850 and possibly 1.2770

Solutions: sales from 1.2950 to 1.2850

Nikolay Krishtopov
FreshForex Analyst
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