Decline that may be delayed for one day | 08 Desember 2015
08 Desember 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
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.
