Finalization of zone 1.4473

11 January 2016, GBP/USD

Daily chart: the bottom Bollinger band does not show any signs of the upward reversal, though connection of indicators has "tired". So, we are waiting for an upward correction after touch of the area 1.4473.

Finalization of  zone 1.4473

Н4: bullish convergence of oscillator. Resistance 1.4611 (middle Bollinger Band).

Finalization of  zone 1.4473

Н1: more localized resistance 1.4568 (middle Bollinger Band). Support is 1.4473.

Finalization of  zone 1.4473

Expectations: The main scenario: touch of 1.4568 and then fall to 1.4473

The alternative scenario: a direct drop to 1.4473

Aleksey Panasenko
FreshForex Analyst
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