Drift within 70 points' range | 20 October 2015

20 October 2015, GBP/USD

The daily chart: bulls could not get through the upper Bollinger band, so we can expect a decline of the price to the area of the middle band (1.5293)

Н4: locally, the pair is squezzed within the range 1.5417-1.5496.

Н1: Bollinger envelopes and ADX also have the flat status. We expect drift between 1.5428 and 1.5496

Expectations: flat within the corridor 1.5428-1.5496

solutions: Sales from the top border of the flat (1.5496) to the bottom border (1.5428)

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.

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Aleksey Panasenko

FreshForex Analyst

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