Signs of weakening of bearish pressure | 04 September 2015
04 September 2015, GBP/USD
The daily chart: continued pressure in the direction of the strong support 1.5178.
.png "Signs of weakening of bearish pressure")
Н4: in turn, here we see a a developing convergence, which, as a rule, weakens bearish trend. Confirmation would be rise to the upper Bollinger line (1.5377)
.png "Signs of weakening of bearish pressure")
Н1: local resistance - 1.5281 and 1.5295. Support at 1.5226.
.png "Signs of weakening of bearish pressure")
Expectations: Growth from the current levels in the area of 1.5296, and then a pullback down to 1.5226.
solutions:
1) Buy to 1.5296
2) Sell from 1.5296 to 1.5226
3) Again buy from 1.5226 (with confirmation signal)
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.
