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Key levels - 1.4294 and 1.4405

29 January 2016, GBP/USD

Daily chart: we expect a strong resistance in the 1.4427 area (middle Bollinger band), as approach to the level is against a falling ADX

Key levels - 1.4294 and 1.4405

Н4: we also see the barrier in the area 1.4405-1.4427. Support is at 1.4294 (middle Bollinger Band).

Key levels - 1.4294 and 1.4405

Н1: we confirm support levels and resistance 1.4294\1.4405

Key levels - 1.4294 and 1.4405

Expectations: 1) Fall to 1.4294 and then a new attempt to grow to 1.4405 2) Finalization of 1.4405 and then fall to 1.4294

Trading solutions: 1) Buy from 1.4294 to 1.4405 2) Sales from 1.4405 to 1.4294

Aleksey Panasenko
FreshForex Analyst
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