Support 1.5579, resistance 1.5630 | 29 July 2015
29 July 2015, GBP/USD
Daily chart flat continues within the Bollinger envelope (1.5403-1.5725)
.png "Support 1.5579, resistance 1.5630")
Н4: around the upper Bollinger band (1.5630)is the area of possible demand in the Pound within the local O&U.
.png "Support 1.5579, resistance 1.5630")
Н1: horizontal flat channel 1.5579-1.5625
.png "Support 1.5579, resistance 1.5630")
Expectations: So, against the background of support in the area of 1.5579, we are waiting for the movement in the 1.5625-1.5630 area, where the Pound may fall to the active area of 1.55
solutions:
1) sell from 1.5630 with the target 1.55.
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.
