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

Wait for the correction

09 June 2016, GBP/USD

Wait for the correction4-hourly chart GBPUSD. Repeated attempt of bulls to break through to the main resistance level ended unsuccessfully. Bears made a successful counterattack. The local support level (6/8) is broken, and this situation opens the way for further reduction with whole at the top level of support / resistance (4/8). This trading scenario in main focus for today. It would be canceled , if buyers seize the initiative and return the price to (6/8) level. In this case, they will have a chance for another hike towards (8/8) level. Trading solutions: none

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 .