The forecast for the pound on Monday | 17 August 2015
17 August 2015, GBP/USD
Daily chart: the price continues to consolidate within the Bollinger envelopes (1.55-1.5659) and there are no preconditions that this situation can change soon.
.png "The forecast for the pound on Monday")
Н4: more localized horizontal range 1.5556-1.5659
.png "The forecast for the pound on Monday")
Н1: intraday decline is visually restricted by the area 1.5590.
.png "The forecast for the pound on Monday")
Expectations: So, we wait for the price to fall to 1.5590.
solutions:
1) Selling to1.5590
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.
