Waiting when 1.5986 is reached | 19 June 2015
19 June 2015, GBP/USD
Daily chart: a strong dymanics of bulls, but divergence of oscillator also presents so a pullback to the middle Bollinger band (1.5488) is possible. From this point, the pair can get a potential to reach new Highs.
.png "Waiting when 1.5986 is reached")
Н4: a better shaped support at the middle Bollinger band (1.5744). Intraday resistance - 1.5986 (the upper Bollinger band).
.png "Waiting when 1.5986 is reached")
Н1: narrowing of envelopes, pressure of ADX - all these can allow bears to work 1.5744. But I would recommend you to abstain from sales.
.png "Waiting when 1.5986 is reached")
Expectations: decline to 1.5744 and then growth to 1.5986
Trading decisions:
1) Buying from the area 1.5744 to 1.5986.
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.
