GBPUSD – FlatDaily chart: support from the middle Bollinger band (1.2348) is very close. It will be determine overall bullish potential, as depth of correction has been reached. ADX/RSI also votes for a corrective nature of decline. Н4: a local horizontal range 1.2372-1.2605 (the range of Bollinger bands) Н1: a horizontal corridor inside Bollinger bands – 1.2382-1.2510 – is even better shaped. ADX behavior makes the conservation range and its breakthrough equally probable, cause it is growing, but has not reached the trend value yet. Expectations: the corridor 1.2382-1.2510 will be maintained for today Solutions: trade inside the corridor 1.2382-1.2510
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/potencial/issue_83961.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063