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Daily supports 1.3021 and 1.2973

08 August 2016, GBP/USD

Daily chart: the pair continues to stay within the horizontal range inside Bollinger envelopes (1.2973-1.3376)

Н4: we confirm support around bottom Bollinger band (1.2973)

Н1: a better shaped support 1.3021 (bottom Bollinger band), resistance is at 1.3090 (the middle band)

The main scenario - flat 1.3021-1.3090

The alternative scenario - fall to 1.2973

Trading solutions: we should monitor potential upward signals to around 1.3021 and 1.2973.

Aleksey Panasenko
FreshForex Analyst
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