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).

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.

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Aleksey Panasenko

FreshForex Analyst

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