All three frames speak for continuation of drop | 06 January 2016
06 January 2016, GBP/USD
Daily chart: expressed bearish pressure. The bottom Bollinger Band accompanies drop and so far the pair has not touched the bottom. Deeper decline.
Н4: the same situation. Local support at 1.4616 can theoretically cause a little correction for the pair, but on the whole we can not consider such support to be reliable. A deeper breakdown is a much more likely event.
Н1: and another frame with the downward trend pressure
Expectations: we expect continuation of drop to 1.4550 and 1.45
Trading solutions: sale to 1.4550, 1.45
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.
