Premarket on the Pound. What we can expect on Monday
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.
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
Н1: local-level support and resistance 1.5015\1.5064.
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 PanasenkoAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us