British Pound generally targets 1.54 | 30 July 2015
30 July 2015, GBP/USD
Daily chart: a bearish pin from the upper Bollinger band has been produced , which almost certainly will bring the pair to the bottom Bollinger band in the next few days (1.5403)
.png "British Pound generally targets 1.54")
Н4: a local support at the bottom Bollinger band (1.5503)
.png "British Pound generally targets 1.54")
Н1: envelopes Bollinger are quiet and passive ADX imply that today the price will spend the day in the bottom Bollinger envelope (1.5567-1.5614)
.png "British Pound generally targets 1.54")
Expectations: decline to 1.5567 and bounce to 1.5614.
Trading solutions:
1) We shall sell on bounce from 1.5614 with the medium-term objective 1.5403.
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.
