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Buy from 1.3017 to 1.3144

10 August 2016, GBP/USD

Daily chart: the pair has heavily bounced off the bottom Bollinger band (1.3017) and now bulls have all the chances to shift the price nto the zone of the upper band (1.3361)

Н4: at this local frame, the price is concentrated within corridor 1.2966 - 1.3144 , from the borders of which you can try to open trades.

Н1: a better shaped support 1.3017 (middle Bollinger band) - from here we can either buy or look for upward signals

Expectations: a pullback to 1.3017 and then start to 1.3144

Solutions: purchase from 1.3017 to 1.3144

Aleksey Panasenko
FreshForex Analyst
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