A downward rebound from 1.4326

28 January 2016, GBP/USD

Daily chart: the pair is in the range of the bottom Bollinger envelope (1.4028-1.4445)

A downward rebound from 1.4326

Н4: a more localized horizontal corridor 1.4189-1.4357

A downward rebound from 1.4326

Н1: intraday movements are likely to be concentrated within the borders 1.4204-1.4326

A downward rebound from 1.4326

Expectations: growth to 1.4326 and then correction towards 1.4204

Trading solutions: 1) Buy to 1.4320

2) Sales from 1.4326 to 1.4204

Aleksey Panasenko
FreshForex Analyst
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