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

The price is in the overboughtness zone

27 May 2016, GBP/USD

Four-hours chart of GBPUSD. The price has pulled back to the bottom. Let me remind you that the pair is in overboughtness area, which resists by its entire area, so it is characterized by a relatively strong and frequent rollback of the price down. Nevertheless, we can see that buyers have so far managed to hold the price above the level (8/8), so the chances for continued growth remain there, and they are good enough. The price is expected to reach level (+2/8), but most likely, not today. Decline will be considered upon consolidation below the level (8/8)

Trading solutions: 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 .