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Premarket on the Pound. What we can expect on Monday

Premarket on the Pound. What we can expect on Monday | 30 November 2015

30 November 2015, GBP/USD

Daily chart: against bullish convergence of the oscillator, bears seem to finalize the bottom Bollinger band (1.4981), from which some upward rollback may happen.

Premarket on the Pound. What we can expect on Monday

Н4: ADX is building up pressure so the bearish trend continues. Pullback to resistance from the middle Bollinger band (1.5091) can happen, from where we can sell again. But it may happen that we will see no rollback

Premarket on the Pound. What we can expect on Monday

Н1: local-level support and resistance 1.5015\1.5064.

Premarket on the Pound. What we can expect on Monday

Expectations: The main scenario - flat 1.5015-1.5064. The alternative scenario - forcing down to 1.4981 Trading solutions: sales from 1.5064 to 1.5015 and possibly to 1.4981

Aleksey Panasenko
FreshForex Analyst
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