We are looking for the area to buy | 27 November 2015
27 November 2015, GBP/USD
Daily chart: consolidation of the pound continued. Against the backdrop of massive convergence of the oscillator, we can talk about weakening of bearish pressure, although the bottom Bollinger band persistently shows unfinished area on the bottom line (1.4991). Resistance - on the middle band (1.5215)
Н4: flat corridor 1.5066-1.5156
Н1: more localized side corridor 1.5072-1.5136
Expectations: The main scenario - flat 1.5072- 1.5136. The alternative scenario - rise to 1.5156 and 1.5219.
Trading solutions: 1) Buy from 1.5072 to 1.5156 and 1.5219 (probable transfer of such positions through the weekend)
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.
