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Flat range 1.5634-1.5717

24 August 2015, GBP/USD

The daily chart: a noticeable pressure on ADX, and while it may be equally likely include bullish or bearish continuation.

Flat range 1.5634-1.5717

Н4: witness divergence oscillator. Local support - the bottom Bollinger band (1.5634)

Flat range 1.5634-1.5717

Н1: Flat range from Bollinger envelope 1.5634-1.5717.

Flat range 1.5634-1.5717

Expectations: Flat range 1.5634-1.5717.


1) If we have buy signal around 1.5634 - you can enter into such a transaction, based on movement to 1.57.

Aleksey Panasenko
Analyst of «FreshForex» company
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