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Bulls have a good shape

10 December 2015, GBP/USD

Daily chart: a probability of reaching the upper Bollinger band (1.5307).

Bulls have a good shape

Н4: a significant resistance at 1.5184 can get the pair corrected to the middle Bollinger band (1.5072).

Bulls have a good shape

Н1: the upper Bollinger band indicates a possible revision of 1.5237 before the correction. Otherwise, bears start directly from the current levels.

Bulls have a good shape

Expectations: The main scenario - test zone 1.5237 and then start of a pullback towards 1.5070. The alternative scenario - downward correction from current levels.

Trading solutions: the best option - look for trades in the bottom around ​​1.5237.

Aleksey Panasenko
Analyst of «FreshForex» company
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