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

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.

Aleksey Panasenko
FreshForex Analyst
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