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1.4248-1.4301 flat

01 February 2016, GBP/USD

Day chart: this pair is in sideways trend with strong resistance level in middle Bollinger band (1.4408).

1.4248-1.4301 flat

H4: a wide sideways range 1.4195-1.4408 (Bollinger Envelopes).

1.4248-1.4301 flat

H1: more localized resistance in upper Bollinger band(1.4301), the support level is located at 1.4248 (middle band).

1.4248-1.4301 flat

Expectations: growth towards 1.4301 level and then pulled back towards 1.4248 Trading solutions: short positions from 1.4301 to 1.4248

Aleksey Panasenko
FreshForex Analyst
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