GBPUSD – Flat
Daily chart: The pair continues to stay inside the narrow flat corridor within the Bollinger envelopes (1.4015-1.4466). Bears have a little better shaped momentum (it is confirmed the last time there was no touch of the upper walls). Therefore, we can expect touch of the bottom Bollinger band (1.4015)
Н4: a more localized support is at the bottom Bollinger band (1.4106). ADX is in the active zone, but shows no correction.
Н1: the situation is similar to the eurodollar’s. A very narrow range of Bollinger envelopes and flat inside the corridor 1.4133-1.4164.
Expectations: The main scenario – flat 1.4133-1.4164
The alternative scenario – decline to 1.4106
Trading solutions: sell from 1.4164 to 1.4106.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
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