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Premarket on the Pound. What we can expect on Monday

Premarket on the Pound. What we can expect on Monday | 28 September 2015

28 September 2015, GBP/USD

The daily chart: support has been reached from the bottom Bollinger band (1.5147), but ADX is active, so a downward breakthrough is very likely towards 1.4964.

Premarket on the Pound. What we can expect on Monday

Н4: local resistance is at the middle Bollinger band (1.5281), from where, apparently, bears will attack zone 1.5121-1.5147 again.

Premarket on the Pound. What we can expect on Monday

Н1:multiple convergence of oscillator conveys weakening of sellers, making correction in the zone of 1.5247 likely.

Premarket on the Pound. What we can expect on Monday

Expectations: rise to 1.5247 and new decline towards 1.5156

solutions: We sell from 1.5247 to 1.5156 and possibly to 1.4964 (extraday)

Aleksey Panasenko
FreshForex Analyst
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