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New wave of sales is possible

New wave of sales is possible | 03 November 2015

03 November 2015, GBP/USD

The daily chart: The upper Bollinger band shows a significant supply of the Pound, which can cause a new decline towards the bottom band (1.5184)

Н4: strong resistance is also present in the area of ​​1.55 (upper Bollinger band), but we aslo can seen the local O&U from the area 1.5467.

Н1: Another intermediate resistance is at the middle Bollinger band (1.5436).

Expectations:

1) decline from 1.5436

2) decline from 1.5467

solutions: We sell from the zone 1.5436, 1.5467. The goal - 1.5150 (extraday).

Aleksey Panasenko
FreshForex Analyst
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