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

Failed to hold its position in the overboughtness area

18 August 2015, GBP/USD

Failed to hold its position in the overboughtness area

Unable to hold its position in the overboughtness area

The four-hours' chaty of GBPUSD. The pair was not able to gain a foothold in the overboughtness zone. Theregore, our basic expectation now is its decline. The first objective for the drop is the intermediate level of support (6/8).Its medium-term target is represented by the main support and resistance level (4/8).Failed to hold its position in the overboughtness area

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 .