Wait for decline to 1.4372
05 February 2016, GBP/USD
Day chart: as we can see, upper Bollinger band is a strong resistance level, so we can wait for pull back to middle Bollinger band (1.4372)
H4: there is a local support at 1.45 (middle Bollinger band), but the price may go towards 1.4322- 1.4372 zone.
H1: ADX is active and low envelope is under attack. Wait for move to 1.4372 level.
Expectations: decrease to 1.4372 Trading solutions: sell to 1.4372
Nikolay KrishtopovAnalyst of «FreshForex» company
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