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Flat 1.5393-1.5457

14 September 2015, GBP/USD

The daily chart: Bollinger envelopes are stable, ADX is not so active, strong resistance at the middle Bollinger band - all these factors make scenario of growth, or a pullback down to the bottom band equally probable. The main bullish argument is the inside bar broken up. So I tend more to Northern scenario

Flat 1.5393-1.5457

Н4: rising configuration without active ADX indicates the possibility of finding the pair inside the top Bollinger envelope (1.5393-1.5464) throughout the day

Flat 1.5393-1.5457

Н1: flat frame, the same corridor.

Flat 1.5393-1.5457

Expectations: Flat 1.5393-1.5457.


1) Buy from 1.5393-1.54 to 1.5457.

Aleksey Panasenko
Analyst of «FreshForex» company
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