1.4632-1.4677 resistance zone, 1.4510 support level | 04 February 2016

04 February 2016, GBP/USD

Day chart: the pair is situated between Bollinger envelopes, that’s why resistance will be located at upper Bollinger band (1.4677), support level – at middle Bollinger band (1.4372)

1.4632-1.4677 resistance zone, 1.4510 support level

H4: more localized support at 1.4418 (middle Bollinger band).

1.4632-1.4677 resistance zone, 1.4510 support level

H1: 1.4632-1.4677 resistance area, support levels at 1.4575 and 1.4510.

1.4632-1.4677 resistance zone, 1.4510 support level

Expectations: the pair will touch 1.4632-1.4677, and then decrease to 1.4510 zone. Trading solutions: wait for short signals in 1.4632-1.4677 zone and sell to 1.4510.

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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