Sales to 107.02 | 18 April 2016
18 April 2016, GBP/USD
Daily chart: Bears predictably seized the initiative and stopped correction of buyers. With such a well-expressed momentum, it should not be difficult for sellers to reach the bottom Bollinger band (107.02), which, moreover, is the psychological level.
Н4: we also have a bearish pressure from ADX, so we expect a continued downward movement.
Н1:signs of a local oversoldness, but ADX in the active trend zone, so is unlikely that the bottom will be touched at support 107.65 (the bottom Bollinger band).
Trading solutions: sale to 107.02
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.
