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Flat 1.5586-1.5636

17 July 2015, GBP/USD

Daily chart : the middle Bollinger band has put bulls in trouble.

 Flat 1.5586-1.5636

Н4: an ascending flow has been preserved here. Support is on 1.5586, resistance is on1.5701 (the middle and the upper Bollinger bands respectively)

 Flat 1.5586-1.5636

Н1: flat horizontal channel 1.5586-1.5636

Flat 1.5586-1.5636

Expectations: flat 1.5586-1.5636

Trading decisions:

1) No trade today. Alternatively, you may consider purchases from 1.5586 expecting the movement to 1.5701.

Aleksey Panasenko
FreshForex Analyst
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