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Trading between 1.5567 and 1.5620

Trading between 1.5567 and 1.5620 | 18 August 2015

18 August 2015, GBP/USD

The daily chart: We still see the same picture - accumulation of potential inside the envelope Bollinger (1.5500-1.5669)

Trading between 1.5567 and 1.5620

Н4: ADX is not active enough, so we can expect a rebound from the bottom band upwards towards 1.5659.

Trading between 1.5567 and 1.5620

Н1: level of 1.5567 (Lower Bollinger Band) appears to be underdeveloped, resistance is locally located on 1.5620 (middle band).

Trading between 1.5567 and 1.5620

Expectations: the price is squeezed between price levels 1.5567 and 1.5620, where the Pound is expected to be traded intraday.

solutions:

1) Trading between 1.5567 and 1.5620.

Aleksey Panasenko
FreshForex Analyst
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