100-points' range

17 December 2015, GBP/USD

Daily Chart: Support 1.4983 is likely to be under stress - ADX is gaining momentum. This will likely roll the price back into the zone of the middle Bollinger band (1.5094)

100-points' range

Н4: weak ADX, we do not see a potential for a further breakthrough. We are waiting for a rebound from the zone 1.4938-1.4961 to 1.5094

100-points' range

Н1: intraday we also have inactive ADX, Bollinger bands are in a horizontal channel 1.4989-1.5066.

100-points' range

Expectations: flat 1.4961-1.5066.

Trading solutions: trading within the range 1.4961-1.5066

Aleksey Panasenko
FreshForex Analyst
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