12 Octubre 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
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