Zone of possible purchases - 1.4377 | 18 March 2016

18 March 2016, GBP/USD

Daily chart: Yesterday bulls ensured themselve an important positional advantage, breaking another local ceiling, therefore, despite a chance of a backward rollback, you must be very careful with sales (if not to avoid). We are waiting for a clear local signal to enter upwards and buy.

Н4: Zone of possible support for purchases - 1.4273 (middle Bollinger band). Nevertheless, it is better to wait for respond of the price to this level, and only then open positions.

Н1: clamping of the pair within the range 1.4377-1.4535. Thus, 1.4377 is a very important prognostic level for today.

Expectations: now we are waiting for touch of 1.4377 and then spike up to 1.4535

Trading solutions: buy from 1.4377 to 1.4535


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.
Aleksey Panasenko
FreshForex Analyst
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