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Support 1.5579, resistance 1.5630

29 July 2015, GBP/USD

Daily chart flat continues within the Bollinger envelope (1.5403-1.5725)

Support 1.5579, resistance1.5630

Н4: around the upper Bollinger band (1.5630)is the area of possible demand in the Pound within the local O&U.

Support 1.5579, resistance 1.5630

Н1: horizontal flat channel 1.5579-1.5625

Support 1.5579, resistance 1.5630

Expectations: So, against the background of support in the area of ​​1.5579, we are waiting for the movement in the 1.5625-1.5630 area, where the Pound may fall to the active area of ​​1.55

solutions:

1) sell from 1.5630 with the target 1.55.

Aleksey Panasenko
FreshForex Analyst
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