GBPUSD intraday forecast (technical side) 2016-03-02

2 March 2016, 12:24
oleksandr bilokon
Calculated level for today:
 Support (S1 / S2 / S3 = 1,3912 / 1,3886 / 1,3842), resistance (R1 / R2 / R3 = 1,4000 / 26 / 1.4070).
Key level (1st from 1.3938 to 1.3956 late in the day, the 2nd of 1.3890 to 1.3926).
Growing activity bulls that marked OsMa indicator, provides the basis for planning of trading operations benefit from correction purchases.
Given the state oscillators Stochastics, expect to test up H1, where it is recommended to consider the activities of the parties on the charts of smaller timeframes.
For short-term purchases of up H1 - target levels are calculated levels of resistance R2 / R3, and in case of breakdown above - calculated resistance to week and month (R1-w).

Alternative sales correction possible provided the following breakdown up H1, with the objectives to S2 / S3.

Chart : 

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