Expecting the Price to Touch 1.2100 Area and Rebound | 15 3月 2017

15 3月 2017, GBP/USD

Daily chart: 1.2100 level (lower Bollinger band) is still valid, the price is likely to reach it and rebound.

Expecting the Price to Touch 1.2100 Area and Rebound

Н4: bullish oscillator convergence indicates weakening of bearish trend and preparation of reversal to the upside. The price touching 1.2100 area would be technically appropriate for bulls to set buy limit orders.

Expecting the Price to Touch 1.2100 Area and Rebound

Н1: here support level in 1.2107 area (lower Bollinger band) is a potential pound demand area.

Expecting the Price to Touch 1.2100 Area and Rebound

Expectations:decline to area of 1.2100-1.2107 followed by substantial rebound.

Solutions:

1. Consider selling to 1.2107

2. Consider buying from area of 1.2100-1.2107.

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Aleksey Panasenko
FreshForex公司的分析员
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