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Looking for downward signals in 1.4225-1.4262 zone

09 March 2016, GBP/USD

Daily chart: the bearish inside bar is from middle Bollinger line it is good signal for medium-term sells to 1.3812 (bottom Bollinger line).

Н4: Pair has locally pressed between 1.4100 and 1.4291.

Н1: resistance levels are more localized on 1.4225 and 1.4262 levels.

Expectation: we are looking for signals for down entrance in 1.4225 and 1.4262 zones. The aim is on 1.41 (perhaps it will be reached the nest day).

Trading decisions: sell from zone 1.4225-1.4262 to 1.41

Aleksey Panasenko
Analyst of «FreshForex» company
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