Pound. The decline may begin at any time | 28 Octubre 2016
28 Octubre 2016, GBP/USD
Daily chart: bears, obviously, again pull the wheel from the market bulls. Now there are all prerequisites to a fresh start down towards the lower Bollinger band (1.1871).
H4: the narrowing of the Bollinger envelopes happens on insufficient ADX parameters, so the flat can theoretically be continued. But we must be ready for the start of decline.
H1: local support is at the lower Bollinger band (1.2128), the resistance - 1.2184 (middle Bollinger band).
Expectations: decline to 1.2128 (perhaps after touching 1.2184).
Trading solutions: sales from 1.2184 to 1.2128.
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.
