Flat at 1.2445-1.2523 | 13 February 2017
13 February 2017, GBP/USD
Daily chart: the pair is inside broad horizontal flat corridor of 1.2129-1.2754 (Bollinger band). ADX's behavior is not clear, it is simultaneously weak and edging... We are likely to see further price rotation around middle Bollinger band (1.2445)
Н4: there is more localized flat corridor within Bollinger envelopes range (1.2400-1.2586). Here ADX is much more active. However, Bollinger bands look very solid, so immediate breakout beyond specified borders is not likely.
Н1: final trading corridor for Monday is 1.2445-1.2523 (Bollinger bands range). ADX is dropping, that matches flat expectations on all three charts.
Expectations: flat in 1.2445-1.2523 corridor is highly likely.
Solutions: trading within 1.2445-1.2523 range
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.
