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We shall determine the sale point for today

18 January 2016, GBP/USD

Daily chart: the broken bottom Bollinger envelope, so we can expect continued drop of the pair after upward correction. Potential of such correction is limited by the middle Bollinger band (1.4687)

We shall determine the sale point  for today

Н4: much more localized resistance from the middle Bollinger band (1.4377). Support is at 1.4253.

We shall determine the sale point  for today

Н1: another barrier is represented by the middle band - 1.4293. But probably we'll see touch of 1.4377.

We shall determine the sale point  for today

Expectations: rise to 1.4377 and then fall to 1.4216

Trading solutions: sales from 1.4377 to 1.4216

Aleksey Panasenko
Analyst of «FreshForex» company
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