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Daily target for growth - 1.5588

10 July 2015, GBP/USD

Daily chart: We have received Inside Bar from the bottom Bollinger band . That enables bulls to push the price to the upper band (1.5920)

Daily target for growth - 1.5588

Н4: resistance 1.5588 (the upper Bollinger band ) can cast the pair away to the middle (1.5435) band. From the point, a major upward middle-term wave may emerge in the direction of 1.5920.

Daily target for growth - 1.5588

Н1: an attack of the upper envelope will probably succeed so we will wait the price on 1.5382 (the middle Bollinger band ) to buy.

Daily target for growth - 1.5588

Expectations: 1) A downward pullback to1.5382 and growth to 1.5588. 2) A direct growth to 1.5588, then a pullback to 1.5439

Trading decisions:

1) Purchase from 1.5382 to 1.5588

Aleksey Panasenko
FreshForex Analyst
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