The pair is approaching resistance area

08 September 2015, GBP/USD

The pair is approaching  resistance area

The four-hours chart of GBPUSD. The pair went into a correction, just in some time before it was supposed to reach the main support and resistance level (4/8). At the moment the price is testing a very strong resistance area formed by the weekly and daily Supertrend lines and level (6/8). After reaching this area, we can expect resumption of the downward movement.

solutions: sell at 1.5381 (6/8)

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
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 .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call