GBPUSD – FlatPound.The corridor of 1.2164-1.2256 Daily chart: ADX aggressive, so the basic expectation is to retest the lower Bollinger band (1.1846) after touching middle band (1.2434). H4: ADX is locally passive, which is adjusted down. This can save sideways 1.2164-1.2256 outlined by Bollinger envelopes. H1: There is a more localize horizontal flat range – 1.2202-1.2244. In General, we can note the resistance zone of 1.2244-1.2256, which won’t probably be broken – ADX parameters are not sufficient to breakdown levels. Expectations: so, we expect a flat in the 1.2202-1.2244 corridor. Or even 1.2164-1.2256. Trading solutions: trading within the range of 1.2164-1.2256.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/potencial/issue_83751.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063
Forex Technical Analysis: Trend potential – Pound. The corridor of 1.2164-1.2256
