Pound. The corridor of 1.2200-1.2258 | 01 نوفمبر 2016
01 نوفمبر 2016, GBP/USD
Daily chart: the pair continues to consolidate at the middle Bollinger band (1.2324) ADX / RSI bunch moves in different directions, which speaks in favor of the continuation of the flat script.
H4:horizontal corridor within the Bollinger bands range (1.2143-1.2253). Envelopes are relatively stable, to ADX extremely passive, so in this day forward to the continuation of the flat in the same boundaries.
H1: there is more localized corridor within the upper Bollinger envelope (1.2197-1.2258).
Expectations:So, wait for growth toward 1.2258 and then fall to 1.2200.
Trading solutions: short positions from 1.2258 to 1.2200.
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.
