Decline that may be delayed for one day
08 December 2015, GBP/USD
Daily chart: Southern trend is still relevant. We expect a continued decline towards 1.4973 (the bottom Bollinger band).
Н4: very active ADX, so support from the middle Bollinger band (1.5051) looks doomed. And, as we see, the real goal is 1.4908
Н1:for more one day the pair can "lie" in the flat in the range of the bottom envelope (1.5038-1.5075)
Expectations: The main scenario - flat 1.5038-1.5075. The alternative scenario - decline to 1.4908.
Trading solutions: sale to 1.4908, the target can be reached the next day
Aleksey PanasenkoAnalyst of «FreshForex» company
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