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We are looking for sell signals at 1.4542

12 February 2016, GBP/USD

Daily chart: flat within the upper Bollinger envelope (1.4372-1.4628)

We are looking for  sell signals at 1.4542

Н4:a more localized horizontal range 1.4392-1.4542, with the rotation axis 1.4471 (the middle Bollinger band)

We are looking for  sell signals at 1.4542

Н1: a rising phase of the flat. The resistance points are 1.4497 and 1.4542. On one of these levels we are looking for short-term sell signals in the area of ​​1.4458.

We are looking for  sell signals at 1.4542

Expectations: growth in the direction of 1.4497 and possibly 1.4542. Then return to the area of ​​1.4458

Trading solutions: we sell after signals in the areas of 1.45 and 1.4542 to 1.4458

Aleksey Panasenko
Analyst of «FreshForex» company
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