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Limit of growth - 1.5651

16 June 2015, GBP/USD

Daily chart: the pair is gripe within the envelopes and successive rise of Highs. ADX is growing, resistance 1.5698. Now we are waiting a pullback after touch of zone 1.57.

Limit of growth - 1.5651

Н4: Support for possible purchase - 1.5531 (the middle Bollinger band).

Limit of growth - 1.5651

Н1: Limit of growth 1.5651. Oscillator has not confirmed a High implemented by the price chart (divergence), so main expectation of a pullback to 1.5651.

Limit of growth - 1.5651

Expectation: so, the pair is within support 1.5531 and 1.5651. On touch of 1.5531 - we shall buy, after movement to 1.5651 - sell.

Trading decisions:

1) Purchase from 1.5531 to 1.5651

2) Sales from 1.5651 to 1.5531

Aleksey Panasenko
FreshForex Analyst
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