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Range 1.5310-1.5417

16 September 2015, GBP/USD

The daily chart: Bears yesterday's active session increased their chances to finalize the lowerполосы Bollinger band (1.5111). However, ADX is inactive, so perhaps we have flat development of the situation.

Range 1.5310-1.5417

Н4: the price had broken the lower envelope, but again, with weak ADX. This means that we will see return to the area of ​​the middle band (1.5417).

Range 1.5310-1.5417

Н1: support at 1.5310 can also be worked through.

Range 1.5310-1.5417

Expectations: so, the pair is in the range 1.5310-1.5417.

solutions:

1) Buy from 1.5310 to 1.5417

2) Sales from 1.5417 to 1.5310.

Aleksey Panasenko
FreshForex Analyst
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