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Pound/Dollar: Expected Fall from LB

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly Yesterday I expected to see a rebound to 1.5110/15. The pound/dollar bounced to the LB at 1.5127. From this line on my forecast I’ve gone for a weakening of the pound to 1.5030. It could go even further down, but the economic calendar is empty, so I’ve limited it to 67 degrees. Daily The GBP has rebounded from the support (projection from 1.5229-1.5164-1.5106 minimums). Today the sellers are going to have a decisive day since the oscillator stochastic has flipped downside up without the

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