We expected correction to the zone of 1.4230 | 27 January 2016

27 January 2016, GBP/USD

Daily chart: the pair is aimed to the middle Bollinger band (1.4482), from where, apparently, in the mid-scale, it will again get down in the zone of 1.4028 (the bottom band).

We expected correction to the zone of 1.4230

Н4: local support \ resistance - 1.4276\1.4367

We expected correction to the zone of 1.4230

Н1: intraday a downward pullback to the zone 1.4230 (the bottom Bollinger band) is possible

We expected correction to the zone of 1.4230

Expectations:So, we wait for a downward rollback to the zone 1.4230-1.4276 and then an upward bounce to 1.4320.

Trading solutions: 1) Sales to 1.4230 2) Buy from 1.4230 to 1.4320

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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