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Expecting a bounce from the area 1.5318 by 100 points

Expecting a bounce from the area 1.5318 by 100 points | 01 September 2015

01 September 2015, GBP/USD

The daily chart: Bears actively worked through the session, almost having swallowed the previous bullish pinbar. Nevertheless, we have the inside bar, which can be treated as favoring both bears and bulls, though clear advantage belongs to sellers. Technically, rollback is possible to the middleBollinger band (1.5565). Southern movement can be directed to the area of ​​the 51st figure.

Expecting a bounce from the area 1.5318 by 100 points

Н4: locally, probably the pair will spend some time in the flat 1.5312 -1.5426.

Expecting a bounce from the area 1.5318 by 100 points

Н1: multiple convergence oscillator talk about the need of upward pullback from the support 1.5318.

Expecting a bounce from the area 1.5318 by 100 points

Expectations: touching zone 1.5318 and rebound towards 1.5426.

solutions: 1 ) We buy from 1.5318 zone to the 1.5426

Aleksey Panasenko
FreshForex Analyst
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