Finalization of zone 1.4473 | 11 January 2016
11 January 2016, GBP/USD
Daily chart: the bottom Bollinger band does not show any signs of the upward reversal, though connection of indicators has "tired". So, we are waiting for an upward correction after touch of the area 1.4473.
Н4: bullish convergence of oscillator. Resistance 1.4611 (middle Bollinger Band).
Н1: more localized resistance 1.4568 (middle Bollinger Band). Support is 1.4473.
Expectations: The main scenario: touch of 1.4568 and then fall to 1.4473
The alternative scenario: a direct drop to 1.4473
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.
