Wait for Continued Consolidation by Friday | 30 نوفمبر 2016
30 نوفمبر 2016, GBP/USD
Daily chart: there is a certain narrowing of Bollinger bands but the range of envelopes (1.2275-1.2605) will apparently be maintained up to Friday changes by NFP release.
Н4: more localized horizontal corridor is within the range of Bollinger envelopes (1.2407-1.2513). ADX is indifferent to unfolding events, so its shift beyond specified borders is not likely.
Н1: there is certain consolidation within upper Bollinger envelope (1.2462-1.2542)
Expectations: wait for a possible shift to 1.2542, after that the pair is likely to return to 1.2462.
Solutions: Sell in the range of 1.2542 and 1.2462.
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.
