GBPUSD – FlatDaily chart: ADX is very active and is close to the trendline area, so the upper Bollinger band (1.3361) may be under significant load, which in turn will lead to a breakthrough of the upper Bollinger envelope. But if this level withstands, we will see another pullback to the middle band (1.3115) Н4: also aggressive ADX, but growth is taking place on divergence of the oscillator, therefore, so there is no potential for a break above 1.3361. Н1: a better shaped resistance 1.3222, next resistance level – 1.3259. Again, we have trend status of ADX. Expectations: now, we are waiting for growth to 1.3259 and maybe toward 1.3361 Solutions: buy to 1.3259 and possibly to 1.3361.
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.
