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Correction is close

14 January 2016, GBP/USD

Daily chart: the pair tends to decline. Connection of indicators is rather overloaded to count on upward correction of the zone 1.4350 (the bottom Bollinger Band).

Correction is close

Н4: also southerb pressure, but we note bullish convergence of oscillator. This is also an argument for correction .

Correction is close

Н1: ADX is close to the area of ​​activity, so the area of ​​1.4350 may be under load.

Correction is close

Expectations: decline to the 1.4350 area and then some upward correction to 1.44.

Trading solutions: sell to 1.4350 and then re-sell from zone of 1.44 after a likely pullback

Aleksey Panasenko
FreshForex Analyst
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