Pound/Dollar: Expected Rise to 90 Degrees

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Hourly My GBP forecast worked a treat. Due to a rise in the dollar, the GBP/USD dropped to 1.5055 and before the US holiday the price renewed to 1.5135. A double bottom formed with the 1.5114 maximum broken. The calendar is empty, so I expect the pound to strengthen to 1.5189 in the first half of the day. Low activity is expected for the market this evening. The rate should return to around 1.5120 on a thin market. Daily A double bottom has formed on the hourly. The day closed up. As it is,

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