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Goal - 1.4787

23 December 2015, GBP/USD

Daily chart: very active ADX does not allow to expect an upward reversal. We wait for lower drop of the price to new lows.

Goal - 1.4787

Н4: some convergence of the oscillator, but correction will be limited to a zone 1.4885 (middle Bollinger Band).

Goal - 1.4787

Н1: intermediate resistance 1.4850 (middle Bollinger Band). Support - 1.4787 (the bottom band)

Goal - 1.4787

Expectations: correction in the 1.4850-1.4885 area, where the pair will resume its decline to the area of ​​1.4787

Trading solutions: sale from the 1.4850-1.4885 zone to 1.4787

Aleksey Panasenko
Analyst of «FreshForex» company
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