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

Continues to consolidate in the overboughtness area

24 August 2015, GBP/USD

Continues to consolidate in the overboughtness area

The four-hours' chart of GBPUSD. The pair continues to consolidate in the overboughtness zone. As we have noted earlier, this area has resisted by its entire area, so moving up is very difficult and is accompanied by numerous setbacks of the price down. However, as long as the pair is higher than (8/8) the primary expectation is growth of the pair. Target is the level (+2/8).

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.