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Sell on touch of 1.4500-1.4509

Sell on touch of 1.4500-1.4509 | 21 March 2016

21 March 2016, GBP/USD

Daily chart: some northern potential has remained. So far, it is limited by 1.4561 (Upper Bollinger Band), from where the downward turn towards the middle band (1.4151) is expected. Obviously, such a scenario cannot be implemented intraday.

Sell on touch of 1.4500-1.4509

Н4: signs of weakening of the bullish front in the form of divergence of the oscillator. Local support is at the middle Bollinger band (1.4312), resistance is 1.4618 (upper band).

Sell on touch of 1.4500-1.4509

Н1: flat corridor 1.4426-1.4509 and divergence of RSI as well. Thus, the best possible option is to sell from 1.45 to 1.4426 and 1.4312 (extraday)

Sell on touch of 1.4500-1.4509

Expectations: fall to 1.4426 from 1.4509. An extraday goal - 1.4312

Trading solutions: sell on touch of 1.4500-1.4509 to 1.4426 and 1.4312.

Aleksey Panasenko
FreshForex Analyst
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