We sell from 1.53 | 29 October 2015

29 October 2015, GBP/USD

The daily chart: a confident continuation of downward workout with no signs of stop. The goal of bears - the bottom Bollinger band (1.5103)

Н4: ADX has no trend potential, so the price may be traded between 1.5267 and 1.5322 before sellers will be able to re-gain the right amount of fuel for decline.

Н1:a better shaped resistance 1.5292

Expectations: So, we wait for decline (with an eye to 1.5103), but today the price may pull back to the zone 1.53

Business solutions: We sell from 1.53 to 1.5103

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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