Bulls have a chance to reach the 53 figure | 07 October 2015

07 October 2015, GBP/USD

The daily chart: Bulls yesterday found the strength to turn the unfortunate situation to their side, having left a complicated possible swing down. Now we need to wait for a signal of a continued fall, which may take more than one day.

Bulls have a chance to reach the 53 figure

H1 chart: have two trending crossing plus up a strong bullish momentum, which can only be neutralized by move under the last bottom (1.5222). In the meantime, we're waiting for growth, as well as the possibility to enter in the upward direction intraday on a sliding downward swing. Retest of the punched level 1.5243 is anticipated

Bulls have a chance to reach the 53 figure

Expectations: rise to 1.53, and a return to 1.5243 where again a signal to buy may appear.

solutions: buy to 1.53, the best possible option - around 1.5243

Aleksey Panasenko
FreshForex Analyst
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