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Premarket on the Pound. What we can expect on Monday

Premarket on the Pound. What we can expect on Monday | 26 October 2015

26 October 2015, GBP/USD

The daily chart: the price has very actively reached the middle Bollinger band (1.5304) and is likely to decline in the direction of the bottom line (1.5056)

Н4: we a have local short signal - breakthrough of the lower envelope. Farther movement down and pre-correction to the middle Bollinger band are equiprobable

Н1: resistance, from which a new movement down may start is more localized - 1.5373 (middle Bollinger Band).

Aleksey Panasenko
FreshForex Analyst
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