Decline to 1.3045 | 24 أغسطس 2016
24 أغسطس 2016, GBP/USD
Daily chart: the pair has not changed its trend: there is a continued flat in a wide horizontal channel 1.2872 -1.3345 (inside Bollinger envelopes).
Н4: a better shaped support - 1.3045 (the bottom Bollinger band), from where the price is expected to bounce up.
Н1: local bearish pressure towards 1.3045
Expectations: So, we expect a direct fall to 1.3045 (possibly, the target will be reached tomorrow)
Solutions: Sell to 1.3045
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.
