Sales to 1.51 | 17 November 2015

17 November 2015, GBP/USD

Daily chart: some resistance from buyers, but this is more related to the news impulses. Therefore, the main expectation is continuation of the downward swing. Upward reversal can be considered if bulls break the last local top (1.5263, see the red arrow)

Sales to 1.51

H1: so , swing up is fully equipped with the right number of crossings and it allows you now to open sales. There are no price action signals yet, but there is an enough attractive Stop level (30 points). The goal - breakthrough of the last bottom(1.5153)

Sales to 1.51

Expectations:

1) Drop from current levels to 1.51. 2) In the event of break above 1.5263 - an upward reversalwill be possible and further growth. This scenario we can only consider tomorrow.

Solutions:

1) sales from current levels to 1.51

Aleksey Panasenko
FreshForex Analyst
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