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We expect decline to 1.5188

19 November 2015, GBP/USD

Daily chart: very strong resistance is expected at the middle Bollinger band (1.5273), from which the price is very likely to fall to the bottom band (1.5068)

Н4: flat range 1.5178-1.5241

Н1: we confirm a significant area of resistance 1.5237-1.5241. Support 1.5188. ADX parameters are very weak, there are no reason for breakdown of support and resistance.

Expectations: touch of zone 1.5237-1.5241 and beginning of decline towards 1.5188

Solutions: sell from the area 1.5237-1.5241 to 1.5188

Aleksey Panasenko
Analyst of «FreshForex» company
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