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Today we have two scenarios

16 July 2015, GBP/USD

Daily chart the pair is based sharply in the middle of the envelopes (1.5649) which slowed it down and makes scenarios of a pullback to the bottom band (1.5357) и and continuation of growth to the upper one (1.5935) equally possible

Today we have two scenarios

Н4: a technica correction in the direction of the middle band (1.5557). resistance - 1.5684.

Today we have two scenarios

Н1: flat channel 1.5597-1.5662.

Today we have two scenarios

Expectations: 1) Flat 1.5597-1.5662. 2) Decline to 1.5557 and upward start to 1.5684.

Trading decisions:

1) We shall trade based on one of the offered scenarios.

Aleksey Panasenko
Analyst of «FreshForex» company
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