Intraday sales to 1.5231 | 20 November 2015
20 November 2015, GBP/USD
The daily chart - the middle Bollinger band (1.5280) has been reached, from where there are only two routes: either the upper band (1.5474, the red arrow), or to the bottom (1.5068, blue arrow).
Н4: the inside bar and the upper Bollinger band round 1.53 level, plus weak ADX - a notable sign of correction. Support on the middle band (1.5231)
Н1: an expressed divergence of oscillator. We reaffirm our expectation of decline to 1.5250 and 1.5231.
Expectations: drop from current levels to 1.5231
solutions: sale to 1.5231
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.
