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Purchases from 1.5627-1.5653

26 August 2015, GBP/USD

daily chart: the price has almost reached the depth of correction (middle Bollinger band, 1.5627) that we predicted yesterday, we expect (ideally) touch of this area and move to new highs.

Purchases from 1.5627-1.5653

Н4: also there is a magnet from the bottom полосы Bollinger band (1.5627), ADX is being adjusted, so there is a high probability that this area will be finalized.

Purchases from 1.5627-1.5653

Н1: the lower Bollinger band a bit more localized - 1.5653.

Purchases from 1.5627-1.5653

Expectations: So, waiting for the price in the zone 1.5627-1.5653 and then a splash of the price up with an eye to new highs.

Trading solutions:

1) Purchases from 1.5627-1.5653. Next, we shall holdtill the end of the week.

Aleksey Panasenko
Analyst of «FreshForex» company
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