GBPUSD - BOLLINGER CAUTION

The GBPUSD had a nice dip as expected from our daily market, and i guess we might see a reversal if this conditions are met in the immediate term.

Considering the chart below from the 1hr timeframe. The Williams %R is fraustrated with the downturn and we have a confirmation for a trend reversal with the BB trendline break (the green line) and a defined support zone (the red line). I will be waiting for a long with a bullish candle closing above the lower BB (if we see that soon) below the red line zone should define our stoploss and the profit should run as much as the upper BB of the 4hr chart.

Let's watch.

EURUSD - REBOUND EXPECTED

The EURUSD may be in for a reversal in the intermediate with the rising channel spotted on RSI as against the falling channel of the PRICE. I expect the price to high the lower Bollinger to make double bottom or RSI bounce from the rising trendline. A clear defeat to the downside of the lower Bollinger or the RSI rising trendline then, the downside may continue.

GBPUSD - HIT A ROCK

As we know GBPUSD is in a major downtrend and since yesterday we've had nice retracement to the up side, so i noticed an overbought market in the 1hr timeframe and would like to take a short as a result for a 100pips. Stoploss should be at the region 1.6107. The various charts below, study them.