A good chance to rise above 1.5600 | 28 July 2015

28 July 2015, GBP/USD

Daily chart: so, we have received the first crossing in the potentially upward swing. If bulls a) update the yesterday's high, and b) are not able to break above the last bottom (1.5668), - we will have a good medium-term opportunities for new entrance down in the medium-term run.

A good chance to rise above 1.5600

Hourly chart: Bears are pulling a local downward swing, in which you can look for the entrance to the upper part to break the top 1.56

A good chance to rise above 1.5600

Scenarios: decliene to 1.5530-1.5540 and a new upward start above 1.5600.

Trading solutions:

1) Keep Buy trades open

2) open new purchases in zone 1.5520-1.5540.

Aleksey Panasenko
FreshForex Analyst
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