Two plans for today | 16 Juni 2016
16 Juni 2016, GBP/USD
Daily chart: the fourth bar in a rown outsile of envelopes, which caused a reversal and start of the upward correction. We assume that correction targets the middle Bollinger band (1.4479)
Н4: better shaped levels of resistance - 1.4207 and 1.4380 (middle and upper Bollinger bands). The general trend - also growth.
Н1: On the local level the pair is consolidated within the upper envelope 1.4163-1.4207. ADX is not sufficient for any breakthrough
Expectations: The main scenario - flat 1.4163-1.4207
The alternative scenario - a break above to 1.4380
Trading solutions: purchase from 1.4163 to 1.4207 and possibly to 1.4380.
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.
