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Intraday sales to 1.5231

20 November 2015, GBP/USD

The daily chart - the middle Bollinger band (1.5280) has been reached, from where there are only two routes: either the upper band (1.5474, the red arrow), or to the bottom (1.5068, blue arrow).

Н4: the inside bar and the upper Bollinger band round 1.53 level, plus weak ADX - a notable sign of correction. Support on the middle band (1.5231)

Н1: an expressed divergence of oscillator. We reaffirm our expectation of decline to 1.5250 and 1.5231.

Expectations: drop from current levels to 1.5231

solutions: sale to 1.5231

Aleksey Panasenko
FreshForex Analyst
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