Premarket on the Pound. What we can expect on Monday | 12 اكتوبر 2015
12 اكتوبر 2015, GBP/USD
The daily chart: we note bullish convergence of oscillator, so we can assume that the pound will generally reverse up. This pair is now in a difficult resistance zone (middle Bollinger band, 1.5304), which could make it roll back down again into zone 1.52.
.png "Premarket on the Pound. What we can expect on Monday.")
Н4: we confirm previous findings - everything will decide reaction of the price to the support 1.5304.
.png "Premarket on the Pound. What we can expect on Monday.")
Н1: also equally probable scenarios, because pressure on the support of 1.5304 occurs on the weak ADX. Goals down - 1.5254 and 1.5178, above - 1.5383.
.png "Premarket on the Pound. What we can expect on Monday.")
Expectations: on rebound from 1.5304 - we're waiting for growth to 1.5383, with a break below 1.5304 - decline to 1.5254 and 1.5178.
solutions: 1) We buy from the 1.5304 to 1.5383. 2) We sell under 1.5304 to 1.5254 and 1.5178
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
