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Purchases from 1.57 to 1.5806

25 August 2015, GBP/USD

The daily chart : the upper Bollinger envelope has been broken. We expect the price to roll back toward the middle Bollinger band (1.5617), whereupon bulls will go to a new attack on a break above 1.59 .

Purchases from 1.57 to 1.5806

Н4: support from the middle band is more localized - 1.5696. Intraday resistance - 1.5806 (Upper Bollinger Band). .

Purchases from 1.57 to 1.5806

Н1: we reaffirm support zone 1.57 and resistance 1.5806

Purchases from 1.57 to 1.5806

Expectations : a roll back down to 1.5696 and then rise to 1.5806

solutions: 1) We buy from 1.57 to 1.5806

Aleksey Panasenko
FreshForex Analyst
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