The range 1.3067 - 1.3143 | 05 Agustus 2016
05 Agustus 2016, GBP/USD
Daily chart: the pair has predictably remained within the flat trading range inside Bollinger envelopes (1.2950-1.3392), having bounced off the upper Bollinger Band.
Н4: at the local level the price is concentrated inside the bottom envelope (1.3067-1.3242)
Н1: magnetism from support 1.3067 (the bottom Bollinger band) still remains here, from where the price is expected to pull upwards to 1.3143
Expectations: decline towards 1.3067 and then surge to 1.3143
Solutions: purchase from around 1.3067 to 1.3143
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.
