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We shall sell to 1.52

05 June 2015, GBP/USD

Daily chart: It is 50% to 50% breakdown. Meantime bulls develop their movement, provided that structure is preserved, but there is also some attentuation. We are quite able to see leave to the bottom Bollinger band (1.5137).

We shall sell to 1.52

Н4: a strong intermediate support 1.52 (the bottom Bollinger band)

We shall sell to 1.52

Н1: one more support at 1.5255. Much depends on current bar. If it is pin, bulls can retain control. If bears break the bottom envelope, decline will be initiated.

Aleksey Panasenko
FreshForex Analyst
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