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Waiting for growth in the direction of 1.5650

13 July 2015, GBP/USD

Daily chart: the pair is moving in the direction of the middle Bollinger band (1.5650) with weak ADX

Waiting for growth in the direction of 1.5650

Н4: here is an attack of the upper Bollinger envelope. If the price reaches 1.5650, it can pull to the middle line (1.5426)

Waiting for growth in the direction of 1.5650

Н1: a slight divergence of oscillator also conveys a relative weakness of bulls when it comes to an active attack.

Aleksey Panasenko
FreshForex Analyst
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