Decrease to 1.4152-1.4174 | 10 March 2016
10 March 2016, GBP/USD
Daily chart: if not a big bullish convergence of the oscillator, you wouldn’t have doubts in decrease to 1.3812 (bottom Bollinger line, look at the red arrow). But the price can rise to the upper line (1.4599, look at the blue arrow).
Н4: pair has pressed into the range 1.4152-1.4278
Н1: horizontal corridor is in 1.4174-1.4243. We are waiting for decrease to bottom line.
Expectation: decrease to 1.4152-1.4174
Trading decisions: sell to 1.4152-1.4174
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.
