Flat 1.5544-1.5573 | 22 July 2015

22 July 2015, GBP/USD

Daily chart: ADX is very passive, so we are waiting that previous tendency will continue: the price is being forced to South without continuation.

Flat 1.5544-1.5573

Н4: support - 1.5531 (the bottom Bollinger band ), resistance - 1.5640 (the upper band). Passive ADX does not allow us to expect the leave beyond the range.

Flat 1.5544-1.5573

Н1: a narrow channel 1.5544-1.5573.

Flat 1.5544-1.5573

Flat: 1.5544-1.5573.

Trading decisions:

1) We shall omit this day from our trading plan

2) Scalpers may to catch fluctuations within the specified 30 points' corridor.

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.

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Aleksey Panasenko

FreshForex Analyst

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