01 February 2016, GBP/USD
Day chart: this pair is in sideways trend with strong resistance level in middle Bollinger band (1.4408).
H4: a wide sideways range 1.4195-1.4408 (Bollinger Envelopes).
H1: more localized resistance in upper Bollinger band(1.4301), the support level is located at 1.4248 (middle band).
Expectations: growth towards 1.4301 level and then pulled back towards 1.4248 Trading solutions: short positions from 1.4301 to 1.4248
Aleksey PanasenkoAnalyst of «FreshForex» company
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