GBPUSD intraday forecast (technical side) 2016-03-04

4 March 2016, 04:10
oleksandr bilokon
0
39
Calculated level for today:
 Support (S1 / S2 / S3 = 1,4071 / 33 / 1.3971) and resistance (R1 / R2 / R3 = 1,4195 / 1,4231 / 1,4295).
Key support levels (1st from 1.4022 to 1.4117 late in the day, the 2nd of 1.3995 to 1.4053).
Reduced activity of bulls that marked OsMa indicator, provides the basis for planning trading operations for today correction.
Given the state oscillators Stochastics, forward test (down H4 broken), R1-w, where it is recommended to consider the activities of the parties on the charts of smaller timeframes.
For short-term purchases, on condition of formation of rollback (down H4 broken) - target levels are calculated resistance levels R1, R2, R3, Down D1.

Alternative sales correction possible with a return rate of the channel below (down H4 broken) with the objectives of the key support levels, or S1, S2, up H1.

Chart : http://bi0l.blogspot.com/2016/03/gbpusd-intraday-forecast-technical-side_67.html 

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