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Buy in 1.4223-1.4245 area

22 February 2016, GBP/USD

Daily chart: Pair reaches support bottom Bollinger line (1.4176), then pair is possible to bounce up.

Buy in 1.4223-1.4245 area

Н4: all observable indicators have flat. Range is 1.4245-1.4311.

Buy in 1.4223-1.4245 area

Н1: here support is unstable it is support area (1.4223-1.4245) not support level. We are waiting for signals on buy.

Buy in 1.4223-1.4245 area

Expectation: price decreases to area 1.4223-1.4245 and then it rises up to 1.4311.

Trading decisions: we are waiting signals on buy in 1.4223-1.4245 zone.

Aleksey Panasenko
Analyst of «FreshForex» company
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