Sales to 1.4298 | 25 April 2016

25 April 2016, GBP/USD

Daily chart: the pair is unlikely to have the potential to break the upper Bollinger band (1.4453), due to a very passive ADX. This gives reason for decline in the direction of 1.4046 (the bottom band).

Н4: here, on the contrary, a very strong trend ADX. This makes it drop 1.4453 and further growth in the 45th figure equally probable plans. Support is at the bottom band (1.4298)

Н1: bears already an advantage here - ADX is growing against the backdrop of bearish momentum and a rebound from the upper Bollinger band (1.4423). Goals are the support 1.4359 and 1.4298 (middle and bottom Bollinger bands, respectively).

Expectations: decline towards 1.4369 and 1.4298

Trading solutions: Sales to 1.4298


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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