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We expected correction to the zone of 1.4230

We expected correction to the zone of 1.4230 | 27 January 2016

27 January 2016, GBP/USD

Daily chart: the pair is aimed to the middle Bollinger band (1.4482), from where, apparently, in the mid-scale, it will again get down in the zone of 1.4028 (the bottom band).

We expected correction to the zone of 1.4230

Н4: local support \ resistance - 1.4276\1.4367

We expected correction to the zone of 1.4230

Н1: intraday a downward pullback to the zone 1.4230 (the bottom Bollinger band) is possible

We expected correction to the zone of 1.4230

Expectations:So, we wait for a downward rollback to the zone 1.4230-1.4276 and then an upward bounce to 1.4320.

Trading solutions: 1) Sales to 1.4230 2) Buy from 1.4230 to 1.4320

Aleksey Panasenko
FreshForex Analyst
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