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Bullish scenario

13 July 2016, GBP/USD

Daily chart: the upward correction to the middle Bollinger band (1.3663), from where the pair is expected to move to the bottom band (1.2339)

Н4: also the bullish scenario - a breakthrough of the upper envelope and, therefore, we're waiting for growth to the middle band (1.3034) to 1.3663

Н1: better shaped evels of support/resistance (1.3159\1.3317)

The main scenario - touch of 1.3159 and then rise to 1.3317 < p>The alternative scenario - rise to 1.3317 followed by a downward correction to 1.3159

Solutions: purchase from 1.3159 to 1.3317.

Aleksey Panasenko
Analyst of «FreshForex» company
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