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Premarket on the Pound. What we can expect on Monday

Premarket on the Pound. What we can expect on Monday | 19 October 2015

19 October 2015, GBP/USD

The daily chart: inside bar in the area of ​​the upper band Bollinger band can make the pair get corrected back towards the bottom band (1.5029). However, it is unlikely that such a range could be covered by a single trading day - ADX looks passive.

Premarket on the Pound. What we can expect on Monday

Н4: local strong support at the middle Bollinger band (1.5397), from which bulls may try to attack towards the upper band (1.5583) again.

Premarket on the Pound. What we can expect on Monday

Н1: intraday flat corridor within the framework of Bollinger envelopes (1.5429-1.5480)

Aleksey Panasenko
FreshForex Analyst
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