We are expecting pair on support 1.4474
11 February 2016, GBP/USD
Daily chart: the attack to the upper Bollinger line is happening without enough support from ADX, so it will be correction in direction of middle Bollinger line (1.4372).
Н4: side diapason is 1.4372-1.4567. We marked Inside Bar from upper line so main expectation is decrease pair from present level.
Н1: it is pressed envelope support localized on 1.4474 with high possibility of bouncing upwards.
Expectation: decrease to 1.4474 and then bounce upwards to 1.4517 and probably to 1.4567
1) Sell to 1.4474
2) Buy from 1.4474 to 1.4517 and maybe to 1.4567.
Aleksey PanasenkoAnalyst of «FreshForex» company
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