Bulls have a good shape
10 December 2015, GBP/USD
Daily chart: a probability of reaching the upper Bollinger band (1.5307).
Н4: a significant resistance at 1.5184 can get the pair corrected to the middle Bollinger band (1.5072).
Н1: the upper Bollinger band indicates a possible revision of 1.5237 before the correction. Otherwise, bears start directly from the current levels.
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 PanasenkoAnalyst of «FreshForex» company
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