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Decline to 1.3045

24 August 2016, GBP/USD

Daily chart: the pair has not changed its trend: there is a continued flat in a wide horizontal channel 1.2872 -1.3345 (inside Bollinger envelopes).

Decline to 1.3045

Н4: a better shaped support - 1.3045 (the bottom Bollinger band), from where the price is expected to bounce up.

Decline to 1.3045

Н1: local bearish pressure towards 1.3045

Decline to 1.3045

Expectations: So, we expect a direct fall to 1.3045 (possibly, the target will be reached tomorrow)

Solutions: Sell to 1.3045

Aleksey Panasenko
FreshForex Analyst
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