Premarket view on the pound. What we can expect on Monday | 25 January 2016

25 January 2016, GBP/USD

Daily chart: the pair is based in the mid-range of correction (the bottom envelope 1.4054-1.4549), so movement is possible in both directions. A more technically founded option is growth to 1.4549 and then a continued decline to 1.4054

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

Н4: an attempt to break the top envelope, so we shall focus on the support area 1.4206 - there may be a signal to buy

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

Н1: support area 1.4181-1.4206

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

Expectations: decline to 1.4181-1.4206 and then rise to 1.4267 with an eye on further growth to 1.4352.

Trading solutions: buy in the area 1.4181-1.4206 to 1.4167 and 1.4352.

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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