The Pair Keeps Edging | 04 April 2017
04 April 2017, GBP/USD
Daily chart: the pair is inside upper Bollinger envelope (1.2367-1.2634). ADX has eased the pressure but it still shows trending prices, so we may expect rising in any moment now.
Н4: here support levels are around middle (1.2472) and lower (1.2390) Bollinger bands. Along with that, there is bullish inside bar from middle Bollinger band. It can be a signal to buy.
Н1: the price keeps edging supported by trend line (with support level in region of 1.2454-1.2472). Resistance levels are at 1.2504 and 1.2554 (middle and upper Bollinger bands).
Expectations: rise towards 1.2504 and 1.2552 (from region of 1.2454-1.2472)
Trading signals: consider buying from 1.2454-1.2472 region to 1.2504 and 1.2552.
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.
