Look for selling possibilities | 15 ديسمبر 2016
15 ديسمبر 2016, GBP/USD
Daily chart: the support level 1.2542 (middle Bollinger band) might be broken, that will make further decline towards 1.2322 (lower band) possible.
Н4: there is a strong local support level in 1.2519 and now an upward rollback towards middle Bollinger band (1.2635) is relevant. It is there the best place to enter for selling.
Н1: there is more localized resistance level 1.2605 (middle Bollinger band and round level). Local support level is 1.2459 (lower band).
Expectations: we expect an upward rollback towards 1.2605-1.2635 and later decline to 1.2459.
Solutions: sell in the range from 1.2605-1.2635 to 1.2459.
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.
