Daily supports 1.3021 and 1.2973 | 08 August 2016
08 August 2016, GBP/USD
Daily chart: the pair continues to stay within the horizontal range inside Bollinger envelopes (1.2973-1.3376)
Н4: we confirm support around bottom Bollinger band (1.2973)
Н1: a better shaped support 1.3021 (bottom Bollinger band), resistance is at 1.3090 (the middle band)
The main scenario - flat 1.3021-1.3090
The alternative scenario - fall to 1.2973
Trading solutions: we should monitor potential upward signals to around 1.3021 and 1.2973.
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.
