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

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)

Swing scenario for the Pound on Monday

Scenarios: rise from the current above 1.5236, towards 1.5239

solutions:

1)Buy to 1.5239

Aleksey Panasenko
FreshForex Analyst
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