FreshForex - Analytics

    FreshForex

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    Premarket on the Pound. What we can expect on Monday

    Daily chart: against bullish convergence of the oscillator, bears seem to finalize the bottom Bollinger band (1.4981), from which some upward rollback may happen.

    Н4: ADX is building up pressure so the bearish trend continues. Pullback to resistance from the middle Bollinger band (1.5091) can happen, from where we can sell again. But it may happen that we will see no rollback

    Н1: local-level support and resistance 1.50151.5064.

    Expectations: The main scenario - flat 1.5015-1.5064. The alternative scenario - forcing down to 1.4981 Trading solutions: sales from 1.5064 to 1.5015 and possibly to 1.4981


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