We are considering sells in 1.4211 zone | 04 March 2016
04 March 2016, GBP/USD
Daily chart: resistance from middle Bollinger line (1.4272) looks very strong so we are waiting for down pullback.
Н4: support is on 1.4051 (middle Bollinger line), resistance is on 1.4272 (daily middle line).
Н1: local levels of support\resistance are on 1.4149\1.4211.
Expectation: growth to 1.4211 and then decrease to 1.4149 and to 1.4054.
Trading decisions: sell from 1.4211 to 1.4149 or to 1.4054.
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.
