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Support 1.5452, resistance 1.5537

10 August 2015, GBP/USD

Daily chart: actual pinbar from bottom Bollinger band says about disability to move downer than reached minimums. At the moment the growth is free to go up to the upper band (1.5668)

Support 1.5452, resistance 1.5537

Н4: also the pinbar from bottomBollinger band (1.5452). One more contact to this zone is possible before probable move to 1.5658.

Support 1.5452, resistance 1.5537

Н1: the local resistance on 1.5537 (the upper Bollinger band).

Support 1.5452, resistance 1.5537

Expectations : so, pound will be in the corridor 1.5452-1.5537. Buys from 1.5452 look perspective, but resistance 1.5537 is still kept.

Trading solutions:

1) Sell from 1.5537 to 1.5452

2) Buy from 1.5452 to 1.5537 and 1.5658 (extraday).

Aleksey Panasenko
FreshForex Analyst
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