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The forecast for the pound on Monday

17 August 2015, GBP/USD

Daily chart: the price continues to consolidate within the Bollinger envelopes (1.55-1.5659) and there are no preconditions that this situation can change soon.

The forecast for the pound on Monday

Н4: more localized horizontal range 1.5556-1.5659

The forecast for the pound on Monday

Н1: intraday decline is visually restricted by the area 1.5590.

The forecast for the pound on Monday

Expectations: So, we wait for the price to fall to 1.5590.

solutions:

1) Selling to1.5590

Aleksey Panasenko
FreshForex Analyst
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