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We are considering sells in 1.4211 zone

04 March 2016, GBP/USD

Daily chart: resistance from middle Bollinger line (1.4272) looks very strong so we are waiting for down pullback.

We are considering sells in 1.4211 zone

Н4: support is on 1.4051 (middle Bollinger line), resistance is on 1.4272 (daily middle line).

We are considering sells in 1.4211 zone

Н1: local levels of support\resistance are on 1.4149\1.4211.

We are considering sells in 1.4211 zone

Expectation: growth to 1.4211 and then decrease to 1.4149 and to 1.4054.

Trading decisions: sell from 1.4211 to 1.4149 or to 1.4054.

Aleksey Panasenko
Analyst of «FreshForex» company
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