GBPUSD intraday forecast (technical side) 2016-03-31

31 March 2016, 02:36
oleksandr bilokon
Calculated level for today:
 Support (S1 / S2 / S3 = 1,4360 / 37 / 1.4299) and resistance (R1 / R2 / R3 = 1,4436 / 59/97).
Key support levels (1st from 1.4315 to 1.4209 late in the day, the 2nd of 1.4261 to 1.4195).
OsMa indicator marked increase in activity bears, after testing levels (S1-m), which provides the basis for planning of trading operations for today and correction.
Given the state of the OS Stochastics oscillator, forward test (S1, S2b key support levels), 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 reversal target levels are calculated resistance levels R1, R2, provided the breakdown to R3, down W1 ,.

Alternative sales correction possible provided the following breakdown (up H1) with goals from to S3, EMA120, key support levels or even EMA521, up H4.


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