Premarket view on the pound. What we can expect on Monday | 14 December 2015

14 December 2015, GBP/USD

Daily chart: probably we will see touch of the upper Bollinger band (1.5307), and then downward correction because ADX is turned down.

Premarket view on the pound. What we can expect on Monday

Н4: 1.5270-1.5307 resistance zone. Just see inactive ADX, so the basic expectation - downward correction.

Premarket view on the pound. What we can expect on Monday

Н1: upward potential remains here, so we are waiting for finalization of the zone 1.5270-1.5307

Premarket view on the pound. What we can expect on Monday

Expectations: finalization of the zone 1.5270-1.5307 and then decline to 1.5176

Trading solutions: sale from 1.53 to 1.5176

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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