Flat continues at 1.2450-1.2514 | 17 February 2017
17 February 2017, GBP/USD
Daily chart: flat continues within narrowing Bollinger bands (1.2371-1.2653 range). Major price rotation region is 1.2477 (middle Bollinger band).
Н4: more localized flat corridor is 1.2408-1.2536 (Bollinger envelopes range). ADX is weak and falling, so the price is not likely to go beyond specified borders.
Н1: here we have similar situation, except for even more localized corridor of 1.2450-1.2514 (Bollinger bands). The price is likely to stay inside this corridor during the day.
Expectations: flat continuation in corridor of 1.2450-2514
Solutions: trading inside the range of 1.2450-1.2514
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.
