Bearish pressure | 02 July 2015
02 July 2015, GBP/USD
Daily chart: pressure from ADX, so support is from the middle Bollinger band (1.5609) is under exposure it that can rbing the price down to the bottom line (1.5258)
.png "Bearish pressure")
Н4: attack of the bottom Bollinger envelope on growing ADX. If resistance is 1.5690 (the middle Bollinger band) will keep bulls, one can enter sale up to 1.5258.
.png "Bearish pressure")
Н1: local convergence of the oscillator allows to expect a higher pullback up to 1.5644.
.png "Bearish pressure")
Expectations: pullback upwards to 1.5644 and start of decline under 1.5609, with the middle-terms target at 1.5258.
Trading decisions:
1) Sales from 1.5644 to 1.5258 (exraday).
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.
