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Determination of potential trend - GBPUSD. The goal of bears - 1.2713.

FreshForex news RSS 12.11.2018 at 22:07

News Forex from FreshForex

GBPUSD - flat

Daily chart: projected continued decline of the pair in the lower envelope Bollinger, with the market aiming to 1.2713 (lower Bollinger band). ADX has not reached trend level, so the decline may wear a zigzag (not pulsed) in nature.

H4: locally we note the strong bearish trend the pressure on the background of the expansion of the envelope, which speaks in favor of further downward forecast in the direction of 1.2713.

H1: celebrating local support in the area of the lower Bollinger band (1.2810), which could stop the downward wave due to oversold. However, the chances of it are insignificant, as the ADX is in the active phase.

Wait: so expect the pair further decline in the direction of 1.2713.

Trading decisions: sales in the direction of 1.2713.

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