Pound. Purchases to 1.46 and 1.47 | 07 June 2016

07 June 2016, GBP/USD

Daily chart: the scenario with a wide flat side 1.4322-1.4701 is clear, so inputs down can be considered only after reaching the top wall of the corridor. Pound. Purchases to 1.46 and 1.47

H4: bullish trend potential is accumulated, it is possible that the pair will show the impulse to 1.4701. Support is located at the middle Bollinger band (1.4460). Pound. Purchases to 1.46 and 1.47

H1: we confirm support trend 1.4460 and the overall northern mood of the pair.

Pound. Purchases to 1.46 and 1.47

Expectations: so, wait for growth to 1.46 and possibly to 1.4701. The optimal area for inputs up is the support 1.4460. Trading solutions: buy from 1.4460 counting the movement to 1.46 and 1.47.

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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