Growth to 1.3103 | 27 September 2016

27 September 2016, GBP/USD

Daily chart: the bottom Bollinger band (1.2895) is a strong support area, so basic expectation is surge to ​​1.3175 (middle Bollinger band)

Growth to 1.3103

Н4: a well expressed bullish convergence of the oscillator also shows advantages of bulls and reversal character of movements. Support is zone of 1.2911 (the lower Bollinger band), resistance - 1.3007 and 1.3103 (middle and upper Bollinger bands, the same levels are "psychological" and therefore - interesting)

Growth to 1.3103

Н1: ADX is very close to the trendline area, so the basic expectation is surge of the pair towards 1.3103 (through possible difficulties around resistance 1.3007 level)

Growth to 1.3103

Expectations: growth to 1.3007 and then to 1.3103

Solutions: purchase to 1.3103


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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