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

The level (4/8) has been forced down

02 July 2015, GBP/USD

The level (4/8) has been forced down

4 hours’ chart of  GBPUSD. Following to a durable consolidation, the pair has resumed its downward movement. Upon that, its nearest target - the main level of support and resistance  (4/8) – has been broken without special efforts. Now the pair is trying to consolidate under this level. Shall it succeed in this attempt, it will move down to the level (2/8). An alternative option is movement of the price within a horizontal channel (3/8 – 5/8).

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 .