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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
FreshForex Analyst
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