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The price will touch zone 1.4372

16 February 2016, GBP/USD

Daily chart: the flat status of the frame is still here, the range is limited by the upper envelope (1.4372-1.4634)

The price will touch zone 1.4372

Н4: a better shaped horizontal corridor 1.4415-1.4552

The price will touch zone 1.4372

Н1: support in the area of ​​1.4411 does not look reliable - ADX is pressing, so revision of 1.4372 zone is possible

The price will touch zone 1.4372

Expectations: decline towards 1.4372 and then an upward bounce up to 1.4478

Trading solutions: 1) Sales to 1.4372 2) Buy from 1.4372 to 1.4478

Aleksey Panasenko
FreshForex Analyst
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