We buy to 1.5504

May 28, 2015

GBP/USD

Daily chart: Every day bears try to force new Lows but do not reach the bottom Bollinger band directly. That gives buyers chances, because outlook of an ascending trend is still real.

However, the price is based in the bottom envelope so scenarios are equally probable.

Í4: the price is put into Bollinger horizontal channel (1.5313-1.5504, and can hardly leave it today.

Í1: One more Northern signal is bullish convergence.

Expectations: Waiting for growth to 1.5504.

Trading decisions:

1) We buy to 1.5504.

Publication source
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