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Day range 1.5312-1.5366

27 October 2015, GBP/USD

The daily chart: Bollinger envelopes have a horizontal position between. The pair is sharply in the middle of this corridor, so rebound to the upper band (1.5535) and a continued decline to the bottom band ( 1.5089) are equiprobable.

Н4: the pair is in the lower envelope, ADX has the flat status, so intraday range for today will be limited to 1.5300-1.5383

Н1: even a more localized corridor 1.5312-1.5366

Expectations: Flat 1.5312-1.5366

solutions:

1) Buy from 1.5312 to 1.5366

2) Sales from 1.5366 to 1.5312.

Aleksey Panasenko
FreshForex Analyst
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