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Premarket view on the pound

31 August 2015, GBP/USD

The daily chart: after breaking through the bottom of the envelope, the pair moves to correction in the direction of the middle Bollinger band (1.5572), откуда вновь может быть предпринята попытка снижения в зону 1.54 и затем - к 1.5178 (среднесрочно).

Premarket view on the pound

Н4: localized resistance 1.5527 (middle Bollinger band), support - 1.5253.

Premarket view on the pound

Н1: bullish convergence of oscillator has been formed at the same time with the pair EURUSD, which is an additional bullish indicator. The price may first touch 1.5354 (lower Bollinger band).

Premarket view on the pound

Expectations: So, we wait for touch iof 1.5354 and then rise to 1.5527.


1) Buy from 1.5354 to 1.5527.

Aleksey Panasenko
FreshForex Analyst
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