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Flat 1.5550-1.5600

12 August 2015, GBP/USD

Daily chart: the pair consolidation is continued within the Bollinger envelopes (1.5498-1.5658)

Flat 1.5550-1.5600

Н4: local resistance 1.5622 with a big probability to cut the bullish wave and push the pound to 1.55.

Flat 1.5550-1.5600

Н1: here we can see flat corridor 1.5550-1.5600.

Flat 1.5550-1.5600

Expectations : Flat 1.5550-1.5600.

Trading solutions:

1) trade in the corridor 1.5550-1.5600.

2) In the case of fast direction to 1.5622 - sell to 1.5550, to 1.55 (extraday)

Aleksey Panasenko
FreshForex Analyst
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