Swing scenario for pound on Monday | 28 September 2015

28 September 2015, GBP/USD

The daily chart: Bears confidently control structure, but on Friday they were only able to break through the false strong support area 1.5136-1.5160. This may indicate their inability to move the price further down without upward swing pullbacks.

Swing scenario for pound on Monday

H1 chart: Here, in its turn, the upward swing is already staffed, so bears can act immediately after opening of the markets, trying to break into new Lows (for example, in the area of ​​1.51)

Swing scenario for pound on Monday

scenarios : drop from the current levels to 1.51

solutions: to sell to 1.51

Aleksey Panasenko
FreshForex Analyst
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