Buy Pound towards 1.2750 | 26 Enero 2017
26 Enero 2017, GBP/USD
Daily chart: here we have another breakout of upper envelope along with active trending ADX which confirms general bullish momentum. 1.2737-1.2750 region may be broken today.
Н4: local resistance level in upper Bollinger band region (1.2668) will definitely be under pressure, as ADX here is very active.
Н1: here we are observing similar situation. Oscillator shows signs of divergence but I believe, this is false signal considering aggressive ADX. Shift to 27th region can be expected. Note support level at 1.2568 (middle Bollinger band), in theory, it might be attacked.
Expectations: shift towards 1.2737-1.2750 (possibly following touch in 1.2568)
Solutions: consider buying towards 1.2737-1.2750
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.
