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Waiting for decline to 1.5103

06 October 2015, GBP/USD

The daily chart: < are waiting for finalization of the lower Bollindger band (1.5020), from where the orrection in the direction of the middle band (1.5296) will be possible.

Waiting for decline to 1.5103

Н4: flat range 1.5103-1.5218.

Waiting for decline to 1.5103

Н1: trend activity of ADX and expansion of the envelopes. This means that bears have a sufficient capacity to refine 1.5103, where, in case of breaking the bottom envelope, correction to 1.5186 (middle Bollinger band) can take place.

Waiting for decline to 1.5103

Expectations: decline to 1.5103 and then correction to 1.5186

solutions: 1) Sales to 1.5103 2) In the area of ​​1.5103 purchases to 1.5186 are possible

Aleksey Panasenko
Analyst of «FreshForex» company
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