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Pound. Sell from 1.4591 zone.

06 June 2016, GBP/USD

Daily chart: pair has consoled into wide corridor (1.4309-1.4704), open new deal is problem. There are possibility of growth into zone of upper Bollinger band where we can look for sells.

 Pound. Sell from 1.4591 zone.

Н4: there are local bearish momentum and pinbar from upper band (1.4591). Support is on 1.4345 (bottom band).

 Pound. Sell from 1.4591 zone.

Н1: pair locally locates between middle and upper Bollinger bands (1.4470-1.4591)

 Pound. Sell from 1.4591 zone.

Expectation:

Main possibility - decrease to 1.4470 and then growth up to 1.4591

Alternative possibility - growth to 1.4591 and then decrease to 1.4470 (opposite possibility).

Trading decisions: sell from 1.4591 to 1.4470.

Aleksey Panasenko
FreshForex Analyst
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