Log in

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.


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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.