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Trading between 1.5567 and 1.5620

18 August 2015, GBP/USD

The daily chart: We still see the same picture - accumulation of potential inside the envelope Bollinger (1.5500-1.5669)

Trading between 1.5567 and 1.5620

Н4: ADX is not active enough, so we can expect a rebound from the bottom band upwards towards 1.5659.

Trading between 1.5567 and 1.5620

Н1: level of 1.5567 (Lower Bollinger Band) appears to be underdeveloped, resistance is locally located on 1.5620 (middle band).

Trading between 1.5567 and 1.5620

Expectations: the price is squeezed between price levels 1.5567 and 1.5620, where the Pound is expected to be traded intraday.


1) Trading between 1.5567 and 1.5620.

Aleksey Panasenko
Analyst of «FreshForex» company
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