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We are looking for the area to buy

27 November 2015, GBP/USD

Daily chart: consolidation of the pound continued. Against the backdrop of massive convergence of the oscillator, we can talk about weakening of bearish pressure, although the bottom Bollinger band persistently shows unfinished area on the bottom line (1.4991). Resistance - on the middle band (1.5215)

We are looking for the area to buy

Н4: flat corridor 1.5066-1.5156

We are looking for the area to buy

Н1: more localized side corridor 1.5072-1.5136

We are looking for the area to buy

Expectations: The main scenario - flat 1.5072- 1.5136. The alternative scenario - rise to 1.5156 and 1.5219.

Trading solutions: 1) Buy from 1.5072 to 1.5156 and 1.5219 (probable transfer of such positions through the weekend)

Aleksey Panasenko
FreshForex Analyst
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