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We expect decline from 1.4291

22 January 2016, GBP/USD

Daily chart: correctional dynamics in the direction of the middle Bollinger band (1.4549)

We expect decline from 1.4291

Н4: inactive ADX, so we are waiting for resistance in the zone of the upper Bollinger band (1.4291), and rollback to the middle band (1.4203)

We expect decline from 1.4291

Н1: we confirm resistance in the zone of the upper Bollinger band (1.4291)

We expect decline from 1.4291

Expectations: We expect touch of 1.4291 and then fall to 1.4203

Trading solutions: sales from 1.4291 to 1.4203

Aleksey Panasenko
FreshForex Analyst
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