Decline | 14 Juli 2016
14 Juli 2016, GBP/USD
Daily chart: the pair in the middle of a very wide range formed by the lower envelope Bollinger (1.2339-1.3663). Sellers need to look for opportunities for the downward entry points closer to the upper border of this range.
Н4: two well-shaped support lines - 1.3097 and 1.2810 (middle and lower Bollinger bandsа)
Н1: active trend ADX also indicates a bearish continuation.
Expectations: Now, fall to 1.3097 and maybe toward 1.2810
Solutions: sale to 1.3097 and 1.2810 (extraday)
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.
