Premarket view on the pound. What we can expect on Monday | 21 Diciembre 2015
21 Diciembre 2015, GBP/USD
Daily chart: strong ADX trend signalizes about a further decline to new Lows.
Н4: locally weak ADX, so trading within the bottom Bollinger envelope (1.4838-1.4982) is possible.
Н1: flat state ADX and horizontal envelopes. The corridor 1.4882-1.4943
Expectations: So, with equal probability flat 1.4882-1.4943 and movement to new lows are possible. Therefore, we consider sale from the area 1.4943.
Trading solutions: sale of the 1.4943 zone from the 1.4882 and below (extraday)
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.
