manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Premarket view on the pound. What we can expect on Monday

25 January 2016, GBP/USD

Daily chart: the pair is based in the mid-range of correction (the bottom envelope 1.4054-1.4549), so movement is possible in both directions. A more technically founded option is growth to 1.4549 and then a continued decline to 1.4054

Premarket view on the pound. What we can expect on Monday

Н4: an attempt to break the top envelope, so we shall focus on the support area 1.4206 - there may be a signal to buy

Premarket view on the pound. What we can expect on Monday

Н1: support area 1.4181-1.4206

Premarket view on the pound. What we can expect on Monday

Expectations: decline to 1.4181-1.4206 and then rise to 1.4267 with an eye on further growth to 1.4352.

Trading solutions: buy in the area 1.4181-1.4206 to 1.4167 and 1.4352.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .