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Bulls can reach 1.3345

23 August 2016, GBP/USD

Daily chart: the day was closed by the inside bar, so we do not expect much above the upper Bollinger band (1.3345)

Н4: a local bullish accumulation, so we're waiting for finalization of 1.3345.

Н1: a local support 1.3130 (middle Bollinger band), from where the price may fly in the direction of 1.3345.

Expectations: decline towards 1.3130 and then rise towards 1.3345

Solutions: purchase from 1.3130 to 1.3345

Aleksey Panasenko
FreshForex Analyst
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