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Northern preparation

20 August 2015, GBP/USD

The daily chart: ADX came into the active zone, so upward leap is expected in the near future. As you can see, bulls failed to break the upper envelope, so some rollback is possible. At the same time, we notice bullish Inside bar.

Northern preparation

Н4: 1.5644-1.5709 - this is the clamping range until ADX turns on fully, which will be very soon.

Northern preparation

Н1: weak performance of ADX, so the day can pass in the corridor 1.5644-1.5700.

Northern preparation

Expectations: flat 1.5644-1.5700, but it is the calm before the storm. The storm is expected to the north, so I would advise you to refrain from sales.


1) Buy from 1.5644. Targets- 1.57, and 1.58 (extraday).

Aleksey Panasenko
Analyst of «FreshForex» company
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