Sellers have a joker | 11 November 2015

11 November 2015, GBP/USD

Daily chart: as we can see, this structure has upward swing, that’s why bears can realize their pressure from current levels with 1.5026 targets.

Sellers have a joker

H1: there is a local upward structure, which still doen’t have one more up. This can happen, if new swing will break 1.5184 support level. If bears attack 1.5133 support level, then a decline can start towards 1.5026.

Sellers have a joker

Scenarios: 1. Decrease from current levels towards 1.5026 support. 2. If 1.5133 support withstands, there can be a growth to 1.5184 and further( to 1.52) Trading solutions: 1) If long signals – buy to 1.52 2) Sell from 1.5133 to 1.50.

Aleksey Panasenko
FreshForex Analyst
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