Target at 1.2142 | 02 Maret 2017
02 Maret 2017, GBP/USD
Daily chart: ADX is growing but not trending yet. However, the price is beyond lower Bollinger envelope and the pair is declining. 1.2142 may be general target.
Н4: here we are observing increased ADX activity and the major expectation is continuing decline towards 1.2142.
Н1: here we have oversold oscillator but it is weak signal against such an aggressive ADX. We expect drop to above mentioned target level.
Expectations: major expectation is decline towards 1.2142. If not correction is possible but there no technical reasons for that yet.
Solutions: consider selling to 1.2142.
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.
