Daily target for growth - 1.5588 | 10 July 2015
10 July 2015, GBP/USD
Daily chart: We have received Inside Bar from the bottom Bollinger band . That enables bulls to push the price to the upper band (1.5920)
.png "Daily target for growth - 1.5588")
Н4: resistance 1.5588 (the upper Bollinger band ) can cast the pair away to the middle (1.5435) band. From the point, a major upward middle-term wave may emerge in the direction of 1.5920.
.png "Daily target for growth - 1.5588")
Н1: an attack of the upper envelope will probably succeed so we will wait the price on 1.5382 (the middle Bollinger band ) to buy.
.png "Daily target for growth - 1.5588")
Expectations: 1) A downward pullback to1.5382 and growth to 1.5588. 2) A direct growth to 1.5588, then a pullback to 1.5439
Trading decisions:
1) Purchase from 1.5382 to 1.5588
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.
