23 May 2016, GBP/USD
The daily chart: against the backdrop of a weak ADX and rebound from the upper Bollinger band (1.4674)there is no reason that correction towards 1.4316 (lower band) will stop.
Н4: a better shaped strong support zone of 1.4403 (the bottom Bollinger band plus the round psychological level with the potential demand in the British currency). Thus, we expect a rebound
Н1: a very active trend ADX can be interpreted both in favor of bulls and bears. Buyers can act from the middle Bollinger band (1.4554) to 1.4403.
Expectations: we expect a drop to 1.4403 (possibly after pre-touch of 1.4554 zone)
Trading solutions: sell to 1.4403 (the best option - from 1.4554)