GBP/USD. Selling pound to 1.5242

June 2, 2015

GBP/USD

Daily chart: As it was expected, the pair continued its decline in the direction of the support line 1.5050, from where, in its turn, we will wait for an upward bounce.

Í4: intermediate support point is based at 1.5176.

Í1: A descending channel without any signs the price can leave its boundaries. Therefore, we are waiting for decline from 1.5242 to 1.5173

Expectations: Touch of 1.5242 and decline to 1.5173

Trading decisions:

1) We shall sell from 1.5242 to 1.5173

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