We wait for growth towards 1.5640 and shall sell from there

July 28, 2015

GBP/USD

Daily chart the pair tends to rise in the area of the upper Bollinger band (1.5735). However, it has a dynamic (descending) character, plus H1 gives a purely Southern pattern, so the bulls are expected at a lower part

Í4: strong resistance from 1.5640 (the upper Bollinger Band)

Í1: Weak ADX makes us believe in strength of resistance around 1.5593-1.5600 area. However, after that we will wait when the price works on 1.5640

Expectations: 1) Growth to 1.56 and then a roll back to 1.5555 and rising to 5640 . 2) Direct growth to 1.5640 (in case of a break above 1.56)

Trading solutions:

1) Keep Buy trades to 1.5640

2) We shall put Sell Limit orders to sell from 1.5640.

Publication source
FreshForex information  FreshForex reviews

December 7, 2016
Oil ma pull back to $40
The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...
December 6, 2016
Shale sector tries to reap the gains of the OPEC deal
The prices extend gains after OPEC’s output cut deal brings short-term optimism. Forward market shows that the US oil producers are rushing to lock the profit, selling oil contracts for above $50 a barrel at the start of 2018...
December 5, 2016
Crisis Lite
The Italian referendum on constitutional reform saw voters reject the proposals in front of them, in a fairly decisive manner. As such, Italian PM Renzi will tender his resignation today and this became part of the issue...

Orbex Rating
Trade360 Rating
FOREX.com Rating
FIBO Group Rating
Vantage FX Rating
FxPro Rating

24option Rating
OptionsXO Rating
Binary Brokerz Rating
Beeoptions Rating
Anyoption Rating
Grand Option Rating