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Buying in the area 1.5375

11 June 2015, GBP/USD

Daily chart: a local correction to the down part and it is possible that we have an ordinary bullish broken Inside Bar, whereupon the pair will keep on growing in the direction of the upper Bollinger band (1.5777)

Buying in the area 1.5375

Н4: local support from the middle Bollinger band (1.5375), intraday resistance - 1.5558.

Buying in the area 1.5375

Н1: bears press and ADX is active. So we are waiting when support 1.5375 is reached.

Buying in the area 1.5375

Expectations: correction down to 1.5375, whereupon bulls will attempt to move the price to 1.5558.

Trading decisions:

1) Buying in the area of 1.5375 to 1.5558.

Aleksey Panasenko
FreshForex Analyst
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