Correction to 1.54 is possible | 02 September 2015

02 September 2015, GBP/USD

The daily chart: Bears are forcing new lows, which is related to active ADX.

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.

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).

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.

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus