Growth from current level is possible, but we shall be patient | 23 July 2015

23 July 2015, GBP/USD

Daily chart a successful upward movement within the frames of formation of the upward swing. The minimum target of bulls is to break the past top (1.5675).

Growth from current level is possible, but we shall be patient

Hourly chart: ascending structure as well, but below we have entrance on Over&Under от 1.5540. So movement to this area us quite possible.

Growth from current level is possible, but we shall be patient

Scenarios: 1) Return to 1.5540 and upward start to break 1.5675. 2) Direct growth (relevant until support 1.5578 is not broken).

Trading decisions:

1) Waiting with purchases on 1.5540.

Aleksey Panasenko
FreshForex Analyst
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