28 February 2017, GBP/USD
Daily chart: flat corridor within Bollinger bands range (1.2384-1.2600) retains. ADX is edging but still far from trending. So we may expect continuing flat tendency today.
Н4: there is a valid support level around 1.2384 (lower Bollinger band). Resistance level is more localized - at 1.2567 (upper Bollinger band).
Н1: here we have distinct bullish Over&Under pattern with a very nice upward entry zone at round psychological level of 1.2400, besides, on this level we are observing fusion of round level and lower Bollinger band, so we may expect nearly 100-pip rise.
Expectations: decline to 1.2393-1.2400 region that can be followed by rapid upward breakout to 1.2500 region.
Solutions: consider buying from 1.2400 to 1.2500.
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