The key support area 1.5108 | 24 November 2015

24 November 2015, GBP/USD

Daily chart: a serious application to continue bears' downtrend. At the same time, we have noted the local Over&Under pattern formed from zone of 1.5263, however, despite strength of sellers, an upward rollback can take place. Support zone 1.5108 decides everything. If it does not hold the pair, we'll see it falling to 1.5026.

The key support area 1.5108

H1 : bearish bullish O&U was destroyed yesterday - what's that? Strength of sellers? Or threat of expanding flat? It is impossible to tell for sure. So we shall be based on the signals that will be formed in the area of ​​1.5108

The key support area 1.5108

Expectations: growth from the zone of 1.5108 to 1.5230.

Solutions: buy to 1.5230 with stops we put under 1.5108

Aleksey Panasenko
FreshForex Analyst
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