GBPUSD – FlatDaily chart: flat within Bollinger envelope (1.2872-1.3361) without any signs of aggression from ADX Н4: resistance is around the upper Bollinger band (1.3220), from where the pair is likely to go down in the direction of the middle band (1.3043) Н1: a well expressed bearish divergence of the oscillator indicates that a downward reversal is coming. Local resistance is at 1.3169 (the upper Bollinger band). Support points are 1.3126, 1.3105, 1.3043. The main scenario – touch of 1.3169 and then decline towards 1.3043 The alternative scenario – surge to 1.3220 and then a downward reversal Trading solutions: look for sales around 1.3169 and 1.3220
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
