GBPUSD Range Bound

4 Nis 2016

• We have 4hr Head & Shoulder Pattern.
  
  Inverted Head & Shoulder Pattern on Daily
  
  4hr Double Bottom at 1.4055
  
  Unfilled gap close to 1.447
  
  Range 1.40 and 1.45
  
  Strategy.. Buy on dips..!!!
  
  
  

4 Nis 2016

Not

If gbpusd remain supported above 1.417 and 1.419 then we might can see gu towards 1.43 and 1.434 for today.

4 Nis 2016

Not

So we now have breakout of resistance.. and prices can run 1.43 and 1.434..
Break of 1.434 will lead for above 1.44 in coming sessions.

4 Nis 2016

Not

If we couldnt break 1.434 then we will see gbpusd back below 1.42 and possible towards 1.414 as well..

5 Nis 2016

Not

gbpusd didnt taken out 1.434.. so now 1.4135 on way.