100-points' range | 17 December 2015
17 December 2015, GBP/USD
Daily Chart: Support 1.4983 is likely to be under stress - ADX is gaining momentum. This will likely roll the price back into the zone of the middle Bollinger band (1.5094)
Н4: weak ADX, we do not see a potential for a further breakthrough. We are waiting for a rebound from the zone 1.4938-1.4961 to 1.5094
Н1: intraday we also have inactive ADX, Bollinger bands are in a horizontal channel 1.4989-1.5066.
Expectations: flat 1.4961-1.5066.
Trading solutions: trading within the range 1.4961-1.5066
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.
