02 June 2015, GBP/USD
Daily chart: As it was expected, the pair continued its decline in the direction of the support line 1.5050, from where, in its turn, we will wait for an upward bounce.
Н4: intermediate support point is based at 1.5176.
Н1: A descending channel without any signs the price can leave its boundaries. Therefore, we are waiting for decline from 1.5242 to 1.5173
Expectations: Touch of 1.5242 and decline to 1.5173
1) We shall sell from 1.5242 to 1.5173