GBPUSD Technical Analysis For 19th November 2015 | 19 Noviembre 2015

GBP/USD is currently trading with a Bullish bias. On 14th October at 16.00, while the price was trading at 1.5495, the intraday stochastic was at 96.58, we expected both the price and the intraday's stochastic to get back to the same levels at the exact same time, however, as it appears, the intraday stochastic is almost hitting 96.58, while the price is 2073 pips away from its previous level, which mean price will change direction soon and head short, probably upon reaching the upper range. Traders trading this pair should observe other positively correlated pairs such as EUR/USD, and GBP/HKD. Although we anticipate massive downward movements, we are waiting to sell on the zone 1.53062 and 1.5334