25 September 2015, GBP/USD
The daily chart: Yesterday's bar can be the one, which will stop movement. This gives bulls a chance to develop a swing towards 1.5466 (local O & U). One of possible interpretations of such a scenario - formation of the inside bar today. If bears continue to pressure and attack support 1.5160, it could really bring the pair down.
.png "Growth is better preferred")
H1 chart: Meanwhile, a local bullish Over & Under is relevant. It protects support 1.5199.
.png "Growth is better preferred")
Expectations:
1) If support 1.5199 sustains - we'll see growth towards 1.5466 (formation of a preliminary inside bar can extend this scenario over the day). 2) If the price falls under 1.5199, decline to 1.5160, where reaction to this level will be important, because support - is very strong and, therefore, has a strong predictive quality
solutions:
1)Buy with Stops under 1.5199. Target 1.5466 (you may have to hold the deal tomorrow)
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