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

Pair couldn’t break through level (5/8)

09 March 2016, GBP/USD

 Pair couldn’t break through level (5/8)

The four-hours chart of GBPUSD. Pair couldn’t break through level (5/8) so further price movement could be in horizontal range (3/8 – 5/8). At the moment pair tests main support/resistance level (4/8) from which we are waiting for upper bounce. If it breaks through of this level we will get second signal for beginning moving into horizontal range and this possibility will be main. Now we are waiting for price reaction on (4/8) level.

Trading decisions: no

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

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .