The goal is the area 1.5672-1.5689 | 18 September 2015

18 September 2015, GBP/USD

The daily chart: swing-up is ready, but, apparently, bulls can modify resistance area 1.5672-1.5689 before a possible correction

The goal  is the area 1.5672-1.5689

H1 chart: a very short corrective swing down, but bulls can continue to work. Support 1.5556 is not stable, since no upward swing is here. Therefore, its breakthrough can continue the downward correction.

The goal  is the area 1.5672-1.5689

Expectations:

1) Growth from the current levels to 1.5672.

2) If the price loses support of 1.5556 - decline to 1.5475.

solutions:

1) Buy to 1.5672

2) In the case of the second scenario - buy from the zone of 1.5475 to 1.5672.

Aleksey Panasenko
FreshForex Analyst
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