Today we have two scenarios | 16 July 2015
16 July 2015, GBP/USD
Daily chart the pair is based sharply in the middle of the envelopes (1.5649) which slowed it down and makes scenarios of a pullback to the bottom band (1.5357) и and continuation of growth to the upper one (1.5935) equally possible
.png "Today we have two scenarios")
Н4: a technica correction in the direction of the middle band (1.5557). resistance - 1.5684.
.png "Today we have two scenarios")
Н1: flat channel 1.5597-1.5662.
.png "Today we have two scenarios")
Expectations: 1) Flat 1.5597-1.5662. 2) Decline to 1.5557 and upward start to 1.5684.
Trading decisions:
1) We shall trade based on one of the offered scenarios.
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.
