GBPUSD – FlatDaily chart: the pair is consolidated within the lower envelope Bollinger (1.2880-1.3159). ADX is far from the active trend zone, and the price is based in the most failing spot to open a trade: middle of the range. Н4: a better shaped horizontal flat corridor 1.2933-1.3050. Bearish inside bar from the upper band allows us selling based on the decline to 1.2933. Н1: a better shaped support 1.2990 (the lower Bollinger band). Enhanced activity of ADX, therefore, an alternative scenario is a deepr break down and fall towards 1.2933. The main scenario – decline to 1.2990 and then rise to 1.3040 The alternative scenario – decline to 1.2933 (on a breakdown under 1.2990) . Trading solutions: based on development of one of the plans, we shall act and consider signals of your trading systems. An alternative scenario should be considered as a quite probable one.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/potencial/issue_83417.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063
