manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

Pound. The decline may begin at any time

28 October 2016, GBP/USD

Daily chart: bears, obviously, again pull the wheel from the market bulls. Now there are all prerequisites to a fresh start down towards the lower Bollinger band (1.1871).


H4: the narrowing of the Bollinger envelopes happens on insufficient ADX parameters, so the flat can theoretically be continued. But we must be ready for the start of decline.


H1: local support is at the lower Bollinger band (1.2128), the resistance - 1.2184 (middle Bollinger band).


Expectations: decline to 1.2128 (perhaps after touching 1.2184).

Trading solutions: sales from 1.2184 to 1.2128.

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

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

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.