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The Pair Keeps Edging

The Pair Keeps Edging | 04 April 2017

04 April 2017, GBP/USD

Daily chart: the pair is inside upper Bollinger envelope (1.2367-1.2634). ADX has eased the pressure but it still shows trending prices, so we may expect rising in any moment now.

The Pair Keeps Edging

Н4: here support levels are around middle (1.2472) and lower (1.2390) Bollinger bands. Along with that, there is bullish inside bar from middle Bollinger band. It can be a signal to buy.

The Pair Keeps Edging

Н1: the price keeps edging supported by trend line (with support level in region of 1.2454-1.2472). Resistance levels are at 1.2504 and 1.2554 (middle and upper Bollinger bands).

The Pair Keeps Edging

Expectations: rise towards 1.2504 and 1.2552 (from region of 1.2454-1.2472)

Trading signals: consider buying from 1.2454-1.2472 region to 1.2504 and 1.2552.

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Aleksey Panasenko
FreshForex Analyst
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