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Consider Selling to 1.2417

Consider Selling to 1.2417 | 12 April 2017

12 April 2017, GBP/USD

Daily chart: yesterday bulls managed to break inside bar. However, ADX does not support bullish ambitions, so we may expect downside rollback. Now we have flat market, so the pair may go any direction.

Consider Selling to 1.2417

Н4: there is flat within Bollinger envelopes range (1.2365-1.2504). If resistanсe level at 1.2504 won't be broken, we may see 100-pip drop.

Consider Selling to 1.2417

Н1: here support levels are at 1.2469 and 1.2417 (middle and lower Bollinger band). Downside correction may reach any of these supports.

Consider Selling to 1.2417

Expectations: drop to 1.2469 or to 1.2417

Trading signals: consider selling to 1.2417

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Aleksey Panasenko
FreshForex Analyst
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