30 July 2015, GBP/USD
Daily chart: a bearish pin from the upper Bollinger band has been produced , which almost certainly will bring the pair to the bottom Bollinger band in the next few days (1.5403)
Н4: a local support at the bottom Bollinger band (1.5503)
Н1: envelopes Bollinger are quiet and passive ADX imply that today the price will spend the day in the bottom Bollinger envelope (1.5567-1.5614)
Expectations: decline to 1.5567 and bounce to 1.5614.
1) We shall sell on bounce from 1.5614 with the medium-term objective 1.5403.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us