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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).

We are expecting pair on support 1.4474

Н4: side diapason is 1.4372-1.4567. We marked Inside Bar from upper line so main expectation is decrease pair from present level.

We are expecting pair on support 1.4474

Н1: it is pressed envelope support localized on 1.4474 with high possibility of bouncing upwards.

We are expecting pair on support 1.4474

Expectation: decrease to 1.4474 and then bounce upwards to 1.4517 and probably to 1.4567

Trading decisions:

1) Sell to 1.4474

2) Buy from 1.4474 to 1.4517 and maybe to 1.4567.

Aleksey Panasenko
FreshForex Analyst
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