Looking for signals to enter upward

June 9, 2015

GBP/USD

Daily chart: inside bar from the bottom Bollinger bands - is a serious proof-point of bulls to continue general growth of the Pound. In the middle run, it is rather probable that the price will move to 1.5806 (the upper Bollinger band).

Í4: flat range 1.5226-1.5417, where up and down trading can be performed before an impulse to North occurs.

Í1: downward technical correction to 1.5315 (the middle Bollinger band) and probably to 1.5226 (bottom band).

Expectations: Growth either hitting 1.5315, or (in case of moving under 1.5300) - from 1.5226.

Trading decisions:

1) Waiting for signals on Í1 to buy in the areas 1.5315 or 1.5226.
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