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A possible attacks of bulls

24 September 2015, GBP/USD

The daily chart: there was no touch of the bottom Bollinger band ( 1.5175), so it is still probable. But ADX seems to be quite interested in growth of the oscillator, so we can not exclude growth in the direction of the upper band (1.5590, medium-term).

A possible attacks of bulls

Н4: attractiveness of the support 1.5175 and strength of resistance from the middle Bollinger band (1.5407)

A possible attacks of bulls

Н1: signs of determination of Northern movement. Control resistance - 1.5319 (Upper Bollinger Band).

A possible attacks of bulls

Expectations: 1) The main scenario - an attack on 1.5318, breakthrough and growth to 1.5407. 2) The alternative scenario - a rebound from 1.5318 and finalization of support 1.5175.

solutions:

1) Buy to 1.5407

2) Bears can try selling on a signal from resistance 1.5318. Possible goal - 1.5175

Aleksey Panasenko
FreshForex Analyst
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