1.5894 is ceiling | 18 June 2015
18 June 2015, GBP/USD
Daily chart: the upper Bollinger envelope is broken by a strong long signal, so we are expecting that Pound will continue to grow. This setup can imply a pullback to the middle Bollinger band (1.5474), where the best possible area of purchase is based.
.png "1.5894 is ceiling")
Н4: better shaped support at the middle Bollinger band (1.5652)
.png "1.5894 is ceiling")
Н1: a local ceiling is supposedly based within 1.5894-1.5900, because we have current ADX/RSI status as it is.
.png "1.5894 is ceiling")
Expectations: growth to 1.5894 and start of correction to 1.5652.
Trading decisions:
1) Kepping purchases to 1.5894
2) Selling from 1.5894-1.59 to 1.5652.
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.
