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Wide range

11 November 2015, GBP/USD

Daily chart: bulls can’t use their chance, and ADX is very active now, and new decline is expected to appear.

Wide range

Н4: the pair is located between 1.5003 and 1.5240 levels. If the price touched resistance level at 1.5240, so sell orders will be actual.

Wide range

Н1: narrow envelopes doesn’t allow any range for trading. We ban predict a flat for tomorrow but there will be published important british news. See H4 strategy.

Wide range

Expectations: The main plan – growth to 1.5240 and then decline to 1.50. The alternative plan – direct decrease to 1.50 and then, possible, futher decrease. Trading solutions: 1) Sell from 1.5240. 2) Be careful about news.

Aleksey Panasenko
Analyst of «FreshForex» company
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