Forex Technical Analysis: Trend potential – Key levels – 1.4294 and 1.4405

GBPUSD – Flat

Daily chart: we expect a strong resistance in the 1.4427 area (middle Bollinger band), as approach to the level is against a falling ADX

Н4: we also see the barrier in the area 1.4405-1.4427. Support is at 1.4294 (middle Bollinger Band).

Н1: we confirm support levels and resistance 1.42941.4405

Expectations: 1) Fall to 1.4294 and then a new attempt to grow to 1.4405 2) Finalization of 1.4405 and then fall to 1.4294

Trading solutions: 1) Buy from 1.4294 to 1.4405 2) Sales from 1.4405 to 1.4294

You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

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