Correction is close | 14 January 2016
14 January 2016, GBP/USD
Daily chart: the pair tends to decline. Connection of indicators is rather overloaded to count on upward correction of the zone 1.4350 (the bottom Bollinger Band).
Н4: also southerb pressure, but we note bullish convergence of oscillator. This is also an argument for correction .
Н1: ADX is close to the area of activity, so the area of 1.4350 may be under load.
Expectations: decline to the 1.4350 area and then some upward correction to 1.44.
Trading solutions: sell to 1.4350 and then re-sell from zone of 1.44 after a likely pullback
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.
