manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

The pair has entered overboughtness area again

22 May 2015, GBP/USD

The pair has entered overboughtness area again

4 hours’ chart of GBPUSD. The pair has entered overboughtness area again which performs as resistance. That is confirmed by a rather notable bounce from this area. Therefore, a probability of renewal of descending movement is still big. The first target is still an intermediate level of support (6/8). This plan would be cancelled by update of current High.

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .