31 Marzo 2017, GBP/USD
Daily chart: the pair is in the middle of upper Bollinger envelope (1.2341-1.2579). ADX shows correction, so the price is likely to jump up and down.
Н4: bearish inside bar from middle Bollinger band (1.2479) gives opportunity for decline towards lower Bollinger band (1.2341).
Н1: ADX shows weak trend but the pair still can rise to 1.2504 region (upper Bollinger band). Support levels at 1.2453 and 1.2405 (middle and lower Bollinger bands) may be targets for rollbacks.
Expectations:
Core scenario - price rotation inside corridor of 1.2453-1.2504.
Alternative scenario - drop to 1.2405
Trading signals: consider trading inside the corridor of 1.2405-1.2504