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A 100-points' dash to north is possible

28 July 2016, GBP/USD

Daily chart: a horizontal corridor within the Bollinger envelopes (1.2895-1.3431) and completely passive ADX remain

Н4: a well shaped flat corridor 1.3071-1.3212. Weak ADX convey unwillingness (or inability) of a breakthrough

Н1: A 100-points' dash to north from 1.3166 to 1.3266 is possible on a local level.

Expectations: touch of 1.3166 and then rise to 1.3266 .

Solutions: purchase from 1.3166 to 1.3266

Aleksey Panasenko
FreshForex Analyst
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