GBPUSD – FlatDaily chart: the lower Bollinger band has slightly dropped and now the target is at 1.2841. ADX does not have trend characteristics, so multi-directional movements are possible. Н4: growing ADX, but the it is still quite far away from the trend area. Therefore, there are two basic ways: a rebound from support area 1.2937 (the lower Bollinger band) or break of the bottom envelope followed by a return to the middle band (1.2994) Н1: here ADX is very weak, therefore, support area 1.2937-1.2945 would be irresistible for bears today. Resistance is at 1.2994 (middle Bollinger band) Expectations: drop to the area 1.2937-1.2945 followed by a return to 1.2994 Solutions: purchases from 1.2937 to 1.2994 as well as sales from 1.2994 to 1.2841 (extraday)
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/potencial/issue_83430.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063