Technically — only sells
06 November 2015, GBP/USD
Daily chart: the pair breaks the bottom envelope on the very active ADX and, if there is no NFP day, we could say the the pound enters the southern downward trend. But the news leaves the British a chance. Technically we wait for the fall in the 49th figure.
Н4: absolutely the same situation. There is a light oversold but on the very strong ADX bears do not mention it.
Н1: an oversold on the strongest ADX as well. Any corrections up need to be used for sales.
Scenarios: fall in the 49th figure (probably, much lower). Trading solutions: 1) Sales only but remember about NFP. It can bring corrections
Aleksey PanasenkoAnalyst of «FreshForex» company
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