Correction to 1.43 | 01 March 2016
01 March 2016, GBP/USD
Daily chart: the way to a technical upward correction toward the middle Bollinger band (1.4298) is open
Н4: ADX shows a growing activity, so here we can also testify bullish pressure towards 1.4298. To enable this scenario, the price needs to break resistance 1.4017 (the upper Bollinger band).
Н1: ADX shows trend determination.
Expectations: now we expect an attack of the level 1.4017 and surge to 1.4298 (possibly, hit of the target will be rescheduled for tomorrow - passing more than 300 points in one day will not be easy)
Trading solutions: to buy 1.4298 (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.
