Premarket on the Pound. What we can expect on Monday

16 November 2015, GBP/USD

Daily chart: a significant upward correction has chances to refine the middle Bollinger band (1.5318), from where a new rising wave to 1.5074 (the bottom band) could start.

Н4: a little more localized resistance at the upper Bollinger band (1.5271). Support 1.5184 (the middle band)

Н1: another resistance at current levels (1.5231), but it is under strong bullish load, so the probability of further growth is high.

Expectations: The main scenario - rise to 1.5271 and then fall towards 1.5184. The alternative scenario - a decline from 1.5231.

solutions: Sales from the 1.5271 zone to 1.5184.

Aleksey Panasenko
FreshForex Analyst
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