Correction to 1.54 is possible | 02 سبتمبر 2015
02 سبتمبر 2015, GBP/USD
The daily chart: Bears are forcing new lows, which is related to active ADX.
.png "Correction to 1.54 is possible")
Н4: locally very passive status of ADX, therefore, there is a high probability of continuation of the flat within the range of 1.5278-1.5426.
.png "Correction to 1.54 is possible")
Н1: here ADX in the ceiling, and oscillator shows multiple signs of convergence, so we're waiting for rebound from 1.5269 towards 1.54 (upper Bollinger band).
.png "Correction to 1.54 is possible")
Expectations: touch of zone 1.5269 and rebound to 1.54.
solutions:
1) Buying 1.5269 to 1.54.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
