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Selling pound to 1.5242

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.

Selling pound to 1.5242

Н4: intermediate support point is based at 1.5176.

Selling pound to 1.5242

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

Selling pound to 1.5242

Expectations: Touch of 1.5242 and decline to 1.5173

Trading decisions:

1) We shall sell from 1.5242 to 1.5173

Aleksey Panasenko
FreshForex Analyst
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