We are looking for buying to the 59th figure | 24 August 2015

24 August 2015, GBP/USD

The daily chart: Bulls has broken all the latest tops, thereby having supplied themselves with energy for a proper growth. To enter the next upward swing, you're apparently better to wait formation of the descending swing. Therefore, you need patience to find the signal at its end. According to the classics, it can be retest of the broken resistance area 1.5660-1.5687.

We are looking for buying to the 59th figure

H1 chart: by forming a new high, bulls had leveled the first bearish crossing down. 1.5660 zone also looks favorably for buying.

We are looking for buying to the 59th figure

Scenarious: no sales, but we need a swing down to enter the trend upwards. Approximate area for purchase - 1.5660.

solutions: 1) We buy from the zone of 1.5660 with the medium-term goals above 1.59.

Aleksey Panasenko
FreshForex Analyst
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