Log in

Corridor 1.5466-1.5531

24 July 2015, GBP/USD

Daily chart: accumulation around all three bands from three frames continues. Here we have a descending dynamics towards the bottom Bollinger band (1.5374)

Corridor 1.5466-1.5531

Н4: weak ADX. We expect flat within the bottom envelope (1.5491-1.5562)

Corridor 1.5466-1.5531

Н1: a better shaped resistance from the middle band (1.5531). Meanwhile, support is deeper than on Н4 – it is on 1.5466.

Corridor 1.5466-1.5531

Expectations: flat 1.5466-1.5531

Trading decisions

1) We shall sell from 1.5531 if we have Buy signal; the target is - 1.5466.

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.