18 August 2015, GBP/USD
GBP/USD is trading with a bearish bias. The pair successfully bounced off from its previously formed key level 1.5668 as we forecasted yesterday. It is anticipated that, as long as the pair trades below the level 1.5581, short positions are recommended but with a stop at 1.5524. In another case, should the price close above the key level 1.5581, long positions are recommended but with a stop at 1.5655.
Wait for price to close below 1.5572, then sell the pair with a stop at 1.5524.
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