28 July 2015, GBP/USD
Daily chart the pair tends to rise in the area of the upper Bollinger band (1.5735). However, it has a dynamic (descending) character, plus H1 gives a purely Southern pattern, so the bulls are expected at a lower part
Н4: strong resistance from 1.5640 (the upper Bollinger Band)
Н1: Weak ADX makes us believe in strength of resistance around 1.5593-1.5600 area. However, after that we will wait when the price works on 1.5640
Expectations: 1) Growth to 1.56 and then a roll back to 1.5555 and rising to 5640 . 2) Direct growth to 1.5640 (in case of a break above 1.56)
1) Keep Buy trades to 1.5640
2) We shall put Sell Limit orders to sell from 1.5640.