Premarket view on the pound | 31 August 2015
31 August 2015, GBP/USD
The daily chart: after breaking through the bottom of the envelope, the pair moves to correction in the direction of the middle Bollinger band (1.5572), откуда вновь может быть предпринята попытка снижения в зону 1.54 и затем - к 1.5178 (среднесрочно).
.png "Premarket view on the pound")
Н4: localized resistance 1.5527 (middle Bollinger band), support - 1.5253.
.png "Premarket view on the pound")
Н1: bullish convergence of oscillator has been formed at the same time with the pair EURUSD, which is an additional bullish indicator. The price may first touch 1.5354 (lower Bollinger band).
.png "Premarket view on the pound")
Expectations: So, we wait for touch iof 1.5354 and then rise to 1.5527.
solutions:
1) Buy from 1.5354 to 1.5527.
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.
