19 June 2015, GBP/USD
Daily chart: a strong dymanics of bulls, but divergence of oscillator also presents so a pullback to the middle Bollinger band (1.5488) is possible. From this point, the pair can get a potential to reach new Highs.
Н4: a better shaped support at the middle Bollinger band (1.5744). Intraday resistance - 1.5986 (the upper Bollinger band).
Н1: narrowing of envelopes, pressure of ADX - all these can allow bears to work 1.5744. But I would recommend you to abstain from sales.
Expectations: decline to 1.5744 and then growth to 1.5986
1) Buying from the area 1.5744 to 1.5986.
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