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Expecting a pullback to 1.5580

19 August 2015, GBP/USD

The daily chart a failed attempt to break through the upper envelope, but ADX shows, that outcome is close. Now we are expecting a pullback down and buy anticipating the movement to 1.58.

Expecting a pullback to 1.5580

Н4:around 1.5580 we can consider a local bullish O & U, so the area can be a magnet for the price.

Expecting a pullback to 1.5580

Н1: детализация O&U.

Expecting a pullback to 1.5580

Expectations: falling to 1.5580 and the beginning of growth to 1.58.


1) Purchase from 1.5580 to 1.58 (in the middle run)

Aleksey Panasenko
Analyst of «FreshForex» company
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