A new phase of bulls is probably starting

June 3, 2015

GBP/USD

Daily chart: Bears have not worked through support from the bottom Bollinger band (1.5050). However, bulls have showed a strong momentum by lifting up the last High. Therefore, a main expectation now is growth to 1.5806.

Í4: ADX is active, so, a possible turbulence in the area 1.5471 (the middle Bollinger band) can open a way even to 1.5806. Of course, this is not a one-day plan.

Í1: The pair shows that it is overbought. It gives a chance to enter purchases on a possible rolldown (1.5325, 1.5280)

Expectations: so, we are waiting for growth to 1.5471. Possible pullbacks may take place to 1.5325 and 1.5280 - at these point there is a sense to buy pound.

Trading decisions:

1) We keep sales open to 1.5471 and 1.5806 (in the middle run)

2) We shall buy new purchases in case of a new rolldown to 1.5325 and 1.5280, where you need to look for confirming signals.
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/potencial/issue_66476.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rsspoteng&ff_mrk=rss

Publication source
FreshForex information  FreshForex reviews

February 17, 2017
NZD looks to weaken
The New Zealand dollar has found itself under pressure in recent days as the market has started to hedge a little while it waits on the next steps for the US economy...
February 17, 2017
The dynamics of the Dollar
William Dudley, the head of the New York FED, called for a rate hike in the coming months, but only if economic growth, accelerating inflation and low unemployment, will meet the development trajectory of the FED...
February 16, 2017
The Federal Reserve balance sheet shrunk?
The Dollar has cut through a significant resistance level of 101, thus completing the retracement move after rallying to a maximum of a 14-year peak. It was not without the help from the Federal Reserve...

Cms Trader Rating
Fort Financial Services Rating
Orbex Rating
 FXTM Rating
EXNESS Rating
FIBO Group Rating

Binary.com Rating
First Binary Option Service Rating
EZTrader Rating
Banc De Binary Rating
OptionBit Rating
365BinaryOption Rating