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Entry point and goals for the Pound

15 October 2015, GBP/USD

The daily chart: the pair is moving to the upper Bollinger band (1.5597), where it is expected to bounce down, because ADX does not grow on this movement

Entry point and goals for the Pound

Н4: similar conclusions - growth to 1.5597 and a pullback.

Entry point and goals for the Pound

Н1: local level support (1.5387 middle Bollinger band) and resistance (1.5544)

Entry point and goals for the Pound

Expectations: a rollback to 1.5387 and then spike upwards to 1.5544 and 1.5597

solutions: Buy around 1.5387 to the objectives of 1.5544 and 1.5597

Aleksey Panasenko
Analyst of «FreshForex» company
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