Flat Potential Keeps Growing | 10 February 2017
10 February 2017, GBP/USD
Daily chart: the pair still moves around middle Bollinger band (1.2445) ramping up potential. ADX is slipping and weak, so we are not expecting any changes today.
Н4: horizontal flat corridor is inside Bollinger envelopes range (1.2400-1.2586). We can confirm bearish Over&Under pattern that we mentioned yesterday: everything indicates rollback to 1.2670 region
Н1: we also have local bearish Over&Under from 1.2545 region (see blue area). In any case today corridor is likely to say inside borders of 1.2471-1.2565.
Expectations: we are expecting flat in 1.2471-1.2565
Solutions: trading from range borders (selling is more recommended)
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.
