Premarket view on the pound. What we can expect on Monday | 21 December 2015

21 December 2015, GBP/USD

Daily chart: strong ADX trend signalizes about a further decline to new Lows.

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

Н4: locally weak ADX, so trading within the bottom Bollinger envelope (1.4838-1.4982) is possible.

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

Н1: flat state ADX and horizontal envelopes. The corridor 1.4882-1.4943

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

Expectations: So, with equal probability flat 1.4882-1.4943 and movement to new lows are possible. Therefore, we consider sale from the area 1.4943.

Trading solutions: sale of the 1.4943 zone from the 1.4882 and below (extraday)

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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