01 July 2015, GBP/USD
Daily chart: a critical support is based at 1.5609 (the middle Bollinger band). If bears cannot break it, the Pound will get down to the bottom band (1.5204). But until this level is not broken, there is probability of a new upward wave to 1.5960 (the upper Bollinger band)
Н4: so, we have a strong downward potential - a breakthrough of the bottom envelope. Once the price touches the middle line Bollinger band (1.5699) we are waiting for decline to 1.5500.
Н1: also moves to South but ADX has not gathered trend's momentum yet. Therefore, the price may return to the middle line.
Expectations: pullback to 1.57 and decline to 1.55.
1) We should sell from 1.57 к 1.55
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