We are expecting GBP decrease to 1.4050 | 23 مارس 2016
23 مارس 2016, GBP/USD
Daily chart: we can see flat and medium-term aim is on bottom Bollinger line (1.3844)
Н4: we can see trend accumulating of strong bearish potential. Decrease impulse is possible in direction of 1.3844 level (black pointer) or with stay into pivot zone 1.4050 level (red pointer).
Н1: it is the same situation. We are expecting decrease to 1.4050 or deeper. So I wouldn’t advise to buy into this zone. It is safety to miss upwards pullback and then sell to 1.3844 level.
Expectation:decrease to 1.4050 level.
Trading decisions: sell to 1.4050 level.
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.
