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We sell from 1.53

29 October 2015, GBP/USD

The daily chart: a confident continuation of downward workout with no signs of stop. The goal of bears - the bottom Bollinger band (1.5103)

Н4: ADX has no trend potential, so the price may be traded between 1.5267 and 1.5322 before sellers will be able to re-gain the right amount of fuel for decline.

Н1:a better shaped resistance 1.5292

Expectations: So, we wait for decline (with an eye to 1.5103), but today the price may pull back to the zone 1.53

Business solutions: We sell from 1.53 to 1.5103

Aleksey Panasenko
FreshForex Analyst
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