A deeper drop | 06 Juli 2016
06 Juli 2016, GBP/USD
Daily chart: pair fully justifies the southern expectations and now the main goal is s drop to the lower Bollinger band (1.2767)
Н4:very active ADX, but the price has already obtained a couple of bars outside the envelopes, so it is possible that finally the price will be in the middle Bollinger band (1.3227)
Н1: local support is at the lower Bollinger band - 1.2939. The middle Bollinger band (where the resistance may be concentrated) - 1.3113.
Expectations: The main scenario - correction to 1.3112 and reaching 1.2939 The alternative scenario - a deeper drop to 1.2767
Trading solutions: selling from 1.3112 to 1.2939
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.
