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Purchases from 1.5384

11 September 2015, GBP/USD

The daily chart: the price has reached the middle Bollinger band, where there are only two options - either to the upper band (1.5843) or the bottom (1.5134). Bulls have a strong argument in the form of an aggressive perforation of yesterday's inside bar. But for some reason, ADX did not react to it, which gives chances to bears.

Purchases from 1.5384

Н4: northern pressure with some overboughtness remains. It can make the pair correct to the middle Bollinger band (1.5384)

Purchases from 1.5384

Н1: bulls are weaker which is shaped as bullish divergence oscillator.

Purchases from 1.5384

Aleksey Panasenko
FreshForex Analyst
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