08 June 2015, GBP/USD
Daily chart: the pair is based in the bottom envelope even in the middle of the range, so we need to wait when the price will respond to the bottom/ middle Bollinger bands. Break of support 1.5149 will enable a more significan decline.
Н4: here is the range of envelopes 1.5227-1.5413
Н1: resistance is better shaped here 1.5311.
Expectations: scenario of flat - range 1.5227-1.5311. upon breakthrough below 1.5227 - another scenario - decline to 1.5149.
1) Wait when it gets clear or signals either try to sell from the area 1.5311 to 1.5227 and 1.5149.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us