Ongoing daily upward swing | 08 October 2015

08 October 2015, GBP/USD

The daily chart: an upward swing actively continues and shows no signs of its end. Right now makes its way very solid pivot area of ​​1.5329, the likely target of growth - following a strong zone 1.5466-1.5475

Ongoing daily upward swing

H1 chart: buyers received a new intersection up, so the rising structure is absolutely complete. To enter the next up-swing without pullbacks, we need to wait for the downward swing. The optimum area for it is 1.5315-1.5329

Ongoing daily upward swing

Expectations: rise to 1.54, and then a roll back to 1.5329 and the new swing up to finalize the targets 1.5466

solutions: buy when on a pullback down to 1.5329 with the target 1.5466

Aleksey Panasenko
FreshForex Analyst
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