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Upward correction is coming to its end

09 September 2015, GBP/USD

The daily chart: upward correction is coming to its end. The middle Bollinger band (1.5484) seems to be the limi, and the pair may again receive aspiration to the bottom band (1.5147).

Upward correction is coming to its end

Н4: a local northern determination. Support is at the middle Bollinger band (1.5275).

Upward correction is coming to its end

Н1: we confirm support 1.5272 and see local resistance 1.5434 (upper Bollinger band)

Upward correction is coming to its end

Expectations: So, we wait for decline in the direction 1.5275 from 1.5400-1.5434.

solutions: We sell from 1.5400-1.5434 to the target 1.5275

Aleksey Panasenko
FreshForex Analyst
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