We do not expect much volatility today

August 4, 2015

GBP/USD

The daily chart: it is likely that flat status of ADX forecast to the Pound the day with a low volatility. We expect a calm trading around the middle Bollinger band (1.56)

Í4: we also notice flat within the range of the lower envelope (1.5559-1.5604)

Í1: we finally localize an intraday corridor - 1.5568-1.5614 (the range of Bollinger envelope ).

Expectations: flat 1.5568-1.5614

solutions:

1) Buying from area of 1.5568.

Publication source
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