Another Flat Day | 09 February 2017
09 February 2017, GBP/USD
Daily chart: the price keeps moving around middle Bollinger band (1.2480). It is likely to continue this tendency today considering passive ADX.
Н4: quiet trading inside flat corridor of 1.2396-1.2563 (Bollinger envelopes range) is expected. That matches day chart data.
Н1: more localized corridor is 1.2480-1.2548. ADX is weak but indicator is growing.
Expectations: flat day inside corridor of 1.2480-1.2548
Solutions: trading inside 1.2480-1.2548
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.
