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An intense growth

29 April 2016, GBP/USD

Daily chart: a very active trend ADX allows us to count on a significant growth of the pair. Visually goals can be up to 1.4925 and there is quite a high probability that bulls will delay finalization of their goals

An intense growth

Н4: we also notice trend activity of ADX plus expansion of Bollinger envelopes - that allows us to count on growth to the 47-th and 48-th figures.

An intense growth

Н1:an absolutely the same situation, although at the local level the pair is overbought to a certain extend. Support is at the middle Bollinger band (1.4607)

An intense growth

Expectations: The main scenario - growth towards 1.4925

The alternative scenario - pullback to 1.4607 and rapid surge

Trading solutions: Buy to 1.4925

Aleksey Panasenko
Analyst of «FreshForex» company
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