Preparing to grow to 1.5767 | 03 July 2015
03 July 2015, GBP/USD
Daily chart: the middle Bollinger band has refrained bears yesterday which enables bulls to attack up to the upper band (1.5960).
Now sellers need to break yesterday's Low to claim for a new decline (marked by the black arrow).
.png "Preparing to grow to 1.5767")
Н4: ADX/RSI, can be a sign of one more downward wave to 1.5556, from where the price may move up 1.5767.
.png "Preparing to grow to 1.5767")
Н1: a well-shaped bulls' momentum but not quite active ADX, which may signify a preparation of a breakthrough of the upper envelope and a following retest of the middle Bollinger band (1.5609), from where we will buy Pound .
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.
