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Another reversal

Another reversal | 14 October 2015

14 October 2015, GBP/USD

GBPUSD H1. Our expectations were justified, but the price could not break through the level of 1.5234. And in view of the pivot point, we expect resumption of growth in the 55 figure in the medium-term from current levels with the first target at 1:3, or 1:4 in the case of a bounce off 1:3.

Intraday reversals with H1 timeframe according to trading platform time of FreshForex: 07:00, 11:00, 19:00.

Reversals of current week under H4 timeframe (numerology) October 15 at 04:00.

Reversals in current month: October 2, October 7, October 14, October 26.

All reversals listed in the review are assumed pivot points the dates may vary

next turn

Conclusion: Sales at 07:00 from 1.5316 with profit 30-50 points. We begin to consider Buying from 11:00.

Бухонова Елена
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