Log in

Waiting for a further decline

06 July 2015, GBP/USD

Waiting for a further decline

4 hours’ chart of  GBPUSD. The pair is still consolidating in a very narrow range just below the main level of support and resistance  (4/8). Additional resistance of the pair is provided by 4 hours’ Supertrend line (4/8). The point (2/8) is still the target for decline. This scenario will only be cancelled by return and consolidation of the price above the level (4/8).

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.