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Promising support at 1.5106

Promising support at 1.5106 | 02 Oktober 2015

02 Oktober 2015, GBP/USD

The daily chart: chart expresses the need of the pullback. The price may update Low, but the upward swing will shortly begin. Momentum clearly indicates a bearish market, so we should be looking for the besy possible entry points down at the end of the upward swing (which is only possible the next week). Aggressive buyers can try to work out a potential move up.

Promising support at 1.5106

H1 chart: remember about the & quot; double bottom & quot; in the area of ​​1.5106. We may expect a so-called & quot; third touch & quot; of the level that allows to try buying with a very small Stop.

Promising support at 1.5106

Expectations: touch of 1.5106 and growth by 100 points.

solutions:

buying with small Stop orders from 1.5106 to 1.5206

Aleksey Panasenko
Analis perusahaan "FreshForex"
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