Buyers got weaker | 31 March 2016

31 March 2016, GBP/USD

Daily chart: in spite of northern "clamp" of the bottom Bollinger envelope, we see a lack of interest in from the part of ADX, so the basic expectation is a corrective decline towards the middle band (1.4248)

Н4: weakening of the bullish front in the resistance zone 1.4465 (upper Bollinger band). Support as in the area of ​​1.4248 (middle Bollinger band).

Н1: here we have a fully flat status of all indicators. The range of Bollinger envelopes is 1.4350-1.4437.

Expectations: The main scenario - flat 1.4350-1.4437

The alternative scenario - decline to 1.4248 (consider this situation on breakthrough under the support 1.4350)

Trading solutions: sell from 1.4437 area to the 1.4350 and 1.4248 (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.
Aleksey Panasenko
FreshForex Analyst
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