Target is 1.5020, but an upward rollback is probable | 02 اكتوبر 2015
02 اكتوبر 2015, GBP/USD
The daily chart some divergence, however, in view of active ADX, there is no reason to doubt in the ability of bears to lower the price to the bottom Bollinger band (1.5020)
.png "Target is 1.5020, but an upward rollback is probable")
Н4: > not simple support at 1.5113, which may for some time drop the pound up to the top Bollinger band (1.5201) but it does not change overall expectations (decline to 1.5020).
.png "Target is 1.5020, but an upward rollback is probable")
Н1: much more localized resistance (1.5157, the upper Bollinger band)
.png "Target is 1.5020, but an upward rollback is probable")
Expectations: 1) Touch of 1.5113, pullback to 1.5157 and start of drop to 1.5020 2) Direct decline towards 1.5020
solutions: We sell from 1.5157 to 1.5020
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
