Swing scenario for the Pound on Monday | 05 October 2015
05 October 2015, GBP/USD
The daily chart: in a possible upward swing the first intersection up has been produced, the price needs another one, so we expect upsurge. The size of the swing is hard to imagine, but it is expected up to the area 1.5466
.png "Swing scenario for the Pound on Monday")
H1 chart: a local confident rising structure, and there is almost pinbar at the end of the pullback downward swing. Directly from current levels the upward swing may begin aiming to break of the last Top (1.5236)
.png "Swing scenario for the Pound on Monday")
Scenarios: rise from the current above 1.5236, towards 1.5239
solutions:
1)Buy to 1.5239
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.
