Upward correction is coming to its end | 09 سبتمبر 2015
09 سبتمبر 2015, GBP/USD
The daily chart: upward correction is coming to its end. The middle Bollinger band (1.5484) seems to be the limi, and the pair may again receive aspiration to the bottom band (1.5147).
.png "Upward correction is coming to its end")
Н4: a local northern determination. Support is at the middle Bollinger band (1.5275).
.png "Upward correction is coming to its end")
Н1: we confirm support 1.5272 and see local resistance 1.5434 (upper Bollinger band)
.png "Upward correction is coming to its end")
Expectations: So, we wait for decline in the direction 1.5275 from 1.5400-1.5434.
solutions: We sell from 1.5400-1.5434 to the target 1.5275
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
