GBPUSD intraday forecast (technical side) 2016-03-16

16 March 2016, 12:01
oleksandr bilokon
0
48
Calculated level for today:
 Support (S1 / S2 / S3 = 1,4135 / 1,4095 / 32), resistance (R1 / R2 / R3 = 1,4261 / 1,4301 / 64).
Key support levels (1st from 1.4316 to 1.4194 late in the day, the 2nd of 1.4344 to 1.4272).
Growing activity of bears that OsMa indicator pointed to breakdowns (Up H1 broken, S1-w broken), provides the basis for planning of trading operations for today advantage correction sale.
Given the state of the Stochastics oscillator, expect to return to the course (down H1) and key levels where it is recommended to consider the activities of the parties on the charts of smaller timeframes.
For short-term sales on condition of formation of reversal (down H1) target levels are estimated level S3.

Alternative purchases correction to possible (down H1), and the breakdown provided above objectives to 2 key levels and levels calculated resistance R1.

Chart :http://bi0l.blogspot.com/2016/03/gbpusd-intraday-forecast-technical-side_16.html 

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