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We are looking for sales to 1.51

We are looking for sales to 1.51 | 14 October 2015

14 October 2015, GBP/USD

The daily chart: work in full accordance with our yesterday's expectations - namely, the end of a pullback to the middle Bollinger band and a continued decline in the overall downtrend. Momentum was clearly bearish, so you can expect that 1.51 will be reached

Н4: correction to the middle Bollinger band (1.5316) is possible, from where the decline will continue.

Н1: As we can see, there is a strong resistance in the 1.5272 area (middle Bollinger band), so the pound may not pass above.

Expectations: So, there is a broad resistance zone 1.5272-1.5316, where with a high degree of probability the pound will fall to 1.51

solutions: We are looking for sales from zone 1.5272-1.5316 to 1.51

Aleksey Panasenko
FreshForex Analyst
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