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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)

Wait for decline to 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.

Wait for decline to 1.4372

H1: ADX is active and low envelope is under attack. Wait for move to 1.4372 level.

Wait for decline to 1.4372

Expectations: decrease to 1.4372 Trading solutions: sell to 1.4372

Nikolay Krishtopov
FreshForex Analyst
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