1.4248-1.4301 flat | 01 February 2016

01 February 2016, GBP/USD

Day chart: this pair is in sideways trend with strong resistance level in middle Bollinger band (1.4408).

1.4248-1.4301 flat

H4: a wide sideways range 1.4195-1.4408 (Bollinger Envelopes).

1.4248-1.4301 flat

H1: more localized resistance in upper Bollinger band(1.4301), the support level is located at 1.4248 (middle band).

1.4248-1.4301 flat

Expectations: growth towards 1.4301 level and then pulled back towards 1.4248 Trading solutions: short positions from 1.4301 to 1.4248

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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