GBPUSD – FlatDaily chart: ADX is going through correction, but the impulse is frankly bearish. The best possible entry down is the middle Bollinger band area (1.3407) Н4: an aggressive trend ADX can also be interpreted in favor of sellers. Resistance is at 1.3268 (middle Bollinger band) Н1: a better shaped resistance 1.3160 (the middle Bollinger band). Support – 1.3058 (lower band) The main scenario – touch of 1.3160 and then decline towards 1.3058 The alternative scenario – the higher the correction to 1.3268 and then the downward movement Solutions: look for the downward entry points to 1.3160 or 1.3268 zone. The goal – 1.3058
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.
