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Descending flat

05 January 2016, GBP/USD

Daily chart: downward pressure persists, support is located on the bottom Bollinger band (1.4662)

Descending flat

Н4:more localized support 1.4686, resistance 1.4775 (middle Bollinger band)

Descending flat

Н1: horizontal corridor within the Bollinger envelopes (1.4662-1.4768)

Descending flat

Expectations: Flat range 1.4662-1.4768.

Trading solutions: sell on upward correction (zone 1.4768)

Aleksey Panasenko
FreshForex Analyst
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