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Target is 1.5020, but an upward rollback is probable

02 October 2015, GBP/USD

The daily chart some divergence, however, in view of active ADX, there is no reason to doubt in the ability of bears to lower the price to the bottom Bollinger band (1.5020)

Target is 1.5020, but an upward rollback is probable

Н4: > not simple support at 1.5113, which may for some time drop the pound up to the top Bollinger band (1.5201) but it does not change overall expectations (decline to 1.5020).

Target is 1.5020, but an upward rollback is probable

Н1: much more localized resistance (1.5157, the upper Bollinger band)

Target is 1.5020, but an upward rollback is probable

Expectations: 1) Touch of 1.5113, pullback to 1.5157 and start of drop to 1.5020 2) Direct decline towards 1.5020

solutions: We sell from 1.5157 to 1.5020

Aleksey Panasenko
FreshForex Analyst
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