Looking to buy to 1.4248 | 11 April 2016

11 April 2016, GBP/USD

Daily chart: Friday - bullish inside bar against growing ADX can lead to growth of the pair at least to the middle Bollinger band (1.4248)

Н4: locally strong resistance around 1.4186 (upper Bollinger band), from where correction to the middle band (1.4102) may take place

Н1: very active ADX plus we see that buyers are intensively pushed from the middle Bollinger band. So, we are waiting for finalization of levels 1.4186 and 1.4248

Expectations: The main scenario - touch of 1.4186, then a pullback to 1.4102, and then pass the main growth phase to 1.4248 (the target may be reached tomorrow) The alternative scenario - a direct surge to 1.4248

Trading solutions: we are looking to buy to 1.4248.


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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