Sales around 1.4272-1.4285 by 120 points | 04 April 2016
04 April 2016, GBP/USD
Daily chart: the pair will face waits firm support in the zone of 1.4072 (the bottom Bollinger band), which, taking into account contradicting record of ADX/RSI, with great probability will make the price bounce up to 1.4272 in the medium term.
Н4: a similar situation - broken bottom Bollinger envelope, on the one hand, it opens the way to 1.4072, whereas on the other hand - the pair can enjoy the right to correction to the middle band (1.4341)
Н1: much more localized resistance 1.4272-1.4285 area. Support is in the area of 1.4158 (the bottom Bollinger band).
Expectations: touch of 1.4272-1.4285 and then finalization of the southern target 1.4158
Trading solutions: sell from 1.4272 to 1.4158
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.
