GBPUSD – FlatDaily chart: the pair continues to consolidate in the zone of middle Bollinger band (1.2234) on the background of the envelope narrowing (1.1920-1.2752). H4: very passive ADX suggests that within the present day range of envelopes Bollinger (1.2134-1.2324) will remain as bi-directional price fluctuations. H1: finally localize the range of the weak ADX and stable horizontal Bollinger envelopes – 1.2213-1.2254. Expectations:so, today we expect a non-directional horizontal flat corridor of 1.2213-1.2254. It is impossible to notice the General North momentum rates, which further contributes to the direct correlation between the euro and the dollar, which, in my opinion, is oriented upward. Trading solutions: trading in the corridor 1.2213-1.2254, but obviously sales would be unsafe, and Vice versa.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/potencial/issue_83810.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063
Forex Technical Analysis: Trend potential – Pound. Flat as northern training
