24 Juni 2015, GBP/USD
Daily chart: The price has preserved potential of growth to the upper Bollinger band (1.5950), though the pair is based in the middle of the envelope range and that makes a correction to the middle line (1.5514) possible.
.png "Northern dynamics, but with a strong resistance based at 1.5817")
Н4: strong local resistance in the middle Bollinger band (1.5817), from where a decline to 1.5703 can take place.
.png "Northern dynamics, but with a strong resistance based at 1.5817")
Н1: the price has broken the upper Bollinger envelope and ADX parameters are strong, which makes growth scenario more probable.
.png "Northern dynamics, but with a strong resistance based at 1.5817")
Expectations: growth to 1.5817 and, in case of the upper breakthrough, to 1.5850, with the middle-term target for 100 points above to 1.5950.
Trading decisions:
1) Purchases to 1.5817, 1.5850 and 1.5950 are possible.
2) Also decline from 1.5817 down to 1.57 is possible. We shall check the level if it gives any short signals.
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