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Flat 1.5544-1.5573

22 July 2015, GBP/USD

Daily chart: ADX is very passive, so we are waiting that previous tendency will continue: the price is being forced to South without continuation.

Flat 1.5544-1.5573

Н4: support - 1.5531 (the bottom Bollinger band ), resistance - 1.5640 (the upper band). Passive ADX does not allow us to expect the leave beyond the range.

Flat 1.5544-1.5573

Н1: a narrow channel 1.5544-1.5573.

Flat 1.5544-1.5573

Flat: 1.5544-1.5573.

Trading decisions:

1) We shall omit this day from our trading plan

2) Scalpers may to catch fluctuations within the specified 30 points' corridor.

Aleksey Panasenko
FreshForex Analyst
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