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Flat in the range of 1.4143-1.4200

21 January 2016, GBP/USD

Daily chart: the lower Bollinger band (1.4074) is a potential bottom and the area to search for reversal signals.

Flat in the range of 1.4143-1.4200

Н4: more localized support 1.4126. Resistance is at 1.4345 (upper Bollinger Band)

Flat in the range of 1.4143-1.4200

Н1: weak ADX and horizontal intraday corridor 1.4131-1.4200.

Flat in the range of 1.4143-1.4200

Expectations: flat 1.4131-1.4200

Trading solutions: 1) Sales from 1.42 to 1.4143. 2) Buy from 1.4143 to 1.42

Aleksey Panasenko
FreshForex Analyst
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