manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

Bears took the lead

23 May 2016, GBP/USD

Four-hours chart of GBPUSD. Bulls failed to consolidate above the resistance level (8/8). Bears had run a successful counterattack and pushed through the local levels of support. Thus, the main option is decline, but we should not exclude a local corrective growth from the current position. Drop's goal is the main support and resistance level (4/8). Continuation of the medium-term upward movement is not relevant as long as the price is below the level of (8/8)

Trading solutions: sell in the event of a rollback to the SuperTrend weekly line (1.4611)

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.