Key levels - 1.4294 and 1.4405 | 29 January 2016
29 January 2016, GBP/USD
Daily chart: we expect a strong resistance in the 1.4427 area (middle Bollinger band), as approach to the level is against a falling ADX
Н4: we also see the barrier in the area 1.4405-1.4427. Support is at 1.4294 (middle Bollinger Band).
Н1: we confirm support levels and resistance 1.4294\1.4405
Expectations: 1) Fall to 1.4294 and then a new attempt to grow to 1.4405 2) Finalization of 1.4405 and then fall to 1.4294
Trading solutions: 1) Buy from 1.4294 to 1.4405 2) Sales from 1.4405 to 1.4294
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.
