17 November 2016, GBP/USD
Daily chart: ADX continues to stay in the passive area, so the price is still accumulating potential within the upper Bollinger envelope (1.2348-1.2605)
Н4: we confirm horizontal omnidirectional flat nature of trading with a little better shaped support levels - 1.2372 (lower Bollinger band)
Н1: the third frame in a row, where ADX shows weakness. Thus, today's trading range is inside the range of Bollinger envelopes (1.2416-1.2482)
Expectations: continuation of the flat inside the corridor 1.2416-1.2482
Solutions: cautious trading within the range of 1.2416-1.2482.
Aleksey PanasenkoAnalyst of «FreshForex» company
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