manager photo manager photo
We will be pleased to answer any questions you may have



Get bonus

Log in

The price failed to stay in the oversoldness area

22 January 2016, GBP/USD

The price failed to stay in the oversoldness area

The four-hours chart of GBP USD. The pair broke major support level (0/8), but, as we see, it has failed to gain a foothold in the oversoldness area. The pair is currently testing the four-hours SuperTrend Line, from which we can expect a slight downward pullback aimed to retest the level (0/8). In its turn, we expect growth of the pair from the level of (0/8) with a view to the SuperTrend Day line.

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 .