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Look for selling possibilities

Look for selling possibilities | 15 December 2016

15 December 2016, GBP/USD

Daily chart: the support level 1.2542 (middle Bollinger band) might be broken, that will make further decline towards 1.2322 (lower band) possible.

Look for selling possibilities

Н4: there is a strong local support level in 1.2519 and now an upward rollback towards middle Bollinger band (1.2635) is relevant. It is there the best place to enter for selling.

Look for selling possibilities

Н1: there is more localized resistance level 1.2605 (middle Bollinger band and round level). Local support level is 1.2459 (lower band).

Look for selling possibilities

Expectations: we expect an upward rollback towards 1.2605-1.2635 and later decline to 1.2459.

Solutions: sell in the range from 1.2605-1.2635 to 1.2459.

Aleksey Panasenko
FreshForex Analyst
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