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We shall buy from 1.5280

04 June 2015, GBP/USD

Daily chart: yesterday bulls managed to become stronger with the help of inside bar and confirmed general Northern determination. We are looking for the chanced to buy on pullbacks.

We shall buy from 1.5280

Н4: A local Over&Under is present here with the entrance point in the area 1.5236. It is unlikely that today the price can leave beyond envelopes (1.5389), but entrance to middle-term movement is possible today.

We shall buy from 1.5280

Н1: a strong local supprot is based at 1.5280. Resistance is 1.5358

We shall buy from 1.5280

Expectations: touch of the area 1.5280 and growth to 1.5358, with the middle-term target based at 1.5389 and 1.5471

Trading decisions:

1) We shall buy from 1.5280 to 1.5358.

Aleksey Panasenko
FreshForex Analyst
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