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Pound. Look for the signals up at the levels 1.4527 and 1.4488

Pound. Look for the signals up at the levels 1.4527 and 1.4488 | 08 June 2016

08 June 2016, GBP/USD

Daily chart: note the completely passive ADX, so there is nothing to expect from the pair. However, within the daily range, potential touch of the upper band (1.4706) is a big fluctuation. Pound. Look for the signals up at the levels 1.4527 and 1.4488H4: more localized resistance - 1.4607 (upper Bollinger Band). Support at 1.4486 (middle band). ADXis in the trend area, so the advantage is for bulls. Pound. Look for the signals up at the levels 1.4527 and 1.4488H1: here is a ragged structure, the oscillator showed a divergence. All this creates an ambiguous scenarios. If the support 1.4527 is broken, the pair may "fill up" to 1.4488 and below. Pound. Look for the signals up at the levels 1.4527 and 1.4488Expectations: The main scenario - decline to 1.4527 and then bounce up to 1.4579 and 1.4607 The alternative scenario - decline to 1.4488. Trading solutions: look for the signals up at the levels 1.4527 and 1.4488.

Aleksey Panasenko
FreshForex Analyst
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