We are expecting pair on support 1.4474 | 11 فبراير 2016
11 فبراير 2016, GBP/USD
Daily chart: the attack to the upper Bollinger line is happening without enough support from ADX, so it will be correction in direction of middle Bollinger line (1.4372).
Н4: side diapason is 1.4372-1.4567. We marked Inside Bar from upper line so main expectation is decrease pair from present level.
Н1: it is pressed envelope support localized on 1.4474 with high possibility of bouncing upwards.
Expectation: decrease to 1.4474 and then bounce upwards to 1.4517 and probably to 1.4567
Trading decisions:
1) Sell to 1.4474
2) Buy from 1.4474 to 1.4517 and maybe to 1.4567.
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.
