Selling pound to 1.5242 | 02 June 2015
02 June 2015, GBP/USD
Daily chart: As it was expected, the pair continued its decline in the direction of the support line 1.5050, from where, in its turn, we will wait for an upward bounce.
.png "Selling pound to 1.5242")
Н4: intermediate support point is based at 1.5176.
.png "Selling pound to 1.5242")
Н1: A descending channel without any signs the price can leave its boundaries. Therefore, we are waiting for decline from 1.5242 to 1.5173
.png "Selling pound to 1.5242")
Expectations: Touch of 1.5242 and decline to 1.5173
Trading decisions:
1) We shall sell from 1.5242 to 1.5173
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
