manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Close
Log in

Bearish pressure, but there is a room for correction

16 December 2015, GBP/USD

The daily chart: bears are actively involved in the new phase of decline. There is a good chance that the bottom Bollinger band (1.4960) will be finalized.

Bearish pressure, but there is a room for correction

Н4: the bottom envelope is broken - also a southern karma.

Bearish pressure, but there is a room for correction

Н1: intermediate support 1.5004, from where a correction may pass to the middle band (1.5114).

Bearish pressure, but there is a room for correction

Expectations: The main scenario - touch of 1.5004 and correction to 1.5114, and then fall to 1.4960

The alternative scenario - a direct fall to 1.4960

Trading solutions: 1) When we have a Long signal around 1.5004 and 1.4960 - we should buy to 1.5114. 2) On growth to 1.5114 - we should sell to 1.5004 and 1.4960

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.