Trying to consolidate under (4/8) | 01 October 2015

01 October 2015, GBP/USD

The pair is trying to gain a foothold below (4/8)

The four-hours chart of GBPUSD. The main support and resistance level (4/8) has been broken, now the pair is trying to gain a foothold under this level. If it succeeds in this task, in the near future we expect this downward movement to continue. Deep correction can only be discussed if the price consolidates above the four-hours SuperTrend Line.

Trade solutions: close earlier opened short positions.

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus