17 July 2015, GBP/USD
Daily chart : the middle Bollinger band has put bulls in trouble.
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)
Н1: flat horizontal channel 1.5586-1.5636
Expectations: flat 1.5586-1.5636
1) No trade today. Alternatively, you may consider purchases from 1.5586 expecting the movement to 1.5701.