Rising flat | 09 February 2016

09 February 2016, GBP/USD

Daily chart: pair is in the middle range of Bollinger envelop (1.4103-1.4616) – it is the most uncomfortable moment to determine future scenario.

Rising flat

Н4: we see local trend line and support line on 1.4372 level. Possible rising aims are 1.4528 and 1.4616

Rising flat

Н1: Condition of observe bond indicators is flat, so we are waiting price fluctuation in middle line zone (1.4453) with aim on 1.4528.

Rising flat

Expectation: grow to 1.4453 and 1.4528

Trading decisions: buy to 1.4452 and 1.4528


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.
Aleksey Panasenko
FreshForex Analyst
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