Descending flat | 05 January 2016

05 January 2016, GBP/USD

Daily chart: downward pressure persists, support is located on the bottom Bollinger band (1.4662)

Descending flat

Н4:more localized support 1.4686, resistance 1.4775 (middle Bollinger band)

Descending flat

Н1: horizontal corridor within the Bollinger envelopes (1.4662-1.4768)

Descending flat

Expectations: Flat range 1.4662-1.4768.

Trading solutions: sell on upward correction (zone 1.4768)

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.

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Aleksey Panasenko

FreshForex Analyst

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