Log in

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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.