The GBP/USD last week decreased significantly on Forex, in accordance with the red scenario of price movement for a week, however, take this fails, as the price moved without significant rollbacks. All recommendations last week to log on to a pullback, however, this has not happened. Let's try to work earlier in the week on a pullback from lower last week, as it is likely to be significant. "On this week is traditionally considered two options for possible price movement, basic red and green alternative," - said the expert of the Forex Broker Company GKFX (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
Significant levels for November 17, 2014, marked on the hourly chart. AO indicator has been positive and increasing, pointing to the desire to move up the currency pair at this time. Trend indicator indicates growth rate of the currency pair pound - US dollar on the Forex market. Shopping from the 1.5680/90 with the goals of 1.5700, 1.5725 and 1.5765. Stop 1.5670.
Bear players during the day back ground lost on Friday. The situation on the currency pair pound - US dollar continues, tensions remain. Price continues to trade within the downward alpha channel. Target minima are the mark: 1.55, 1.5430, 1.5360. But first, with the reluctance to upgrade soon Friday least possible pullback in the zone: 1.5725 - 1.5775. However, the alternative, a bullish scenario is not yet visible. Upon completion of the potentially possible correction rate of the currency pair pound - US dollar on the Forex market is expected to continue the downward movement. After it was formed a powerful downward momentum, the market began to form an upward correction. Most likely, the construction of this wave continues today, so expect local growth rates. The graph H1 likely take the form of a simple wave upward zigzag, but this zigzag layout is not yet clear. At the end of the wave is recommended to consider selling rate of the currency pair pound - US dollar on the Forex market. Most likely, the correctional wave will end in the mark of 50% along the lines of the Fibonacci wave.