Corridor 1.5466-1.5531 | 24 Juli 2015
24 Juli 2015, GBP/USD
Daily chart: accumulation around all three bands from three frames continues. Here we have a descending dynamics towards the bottom Bollinger band (1.5374)
.png "Corridor 1.5466-1.5531")
Н4: weak ADX. We expect flat within the bottom envelope (1.5491-1.5562)
.png "Corridor 1.5466-1.5531")
Н1: a better shaped resistance from the middle band (1.5531). Meanwhile, support is deeper than on Н4 – it is on 1.5466.
.png "Corridor 1.5466-1.5531")
Expectations: flat 1.5466-1.5531
Trading decisions
1) We shall sell from 1.5531 if we have Buy signal; the target is - 1.5466.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
