manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

Consolidating on the level (4/8)

02 October 2015, GBP/USD

Consolidating on the level (4/8)

The four-hours chart of GBPUSD. The pair continues to consolidate on the main level of support and resistance (4/8). At the moment, situation is very uncertain, especially if you also take into account the news picture of the day. However, as long as the price is below the four hours Supertrend line, we consider lowering of the pair as the main option. But the probability of correction is almost the same.

Trade solutions: no.

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .