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

Still swinging

17 June 2016, GBP/USD

Four-hour chart of GBPUSD. Bears have succeeded to push the price to (-2/8) and as the result, Murray levels were redrafted. To date, the price is clamped in a horizontal channel (3/8 - 5/8). But we dare to suggest this flat movement won't be long. Growth is the main plan with the next target (6/8). Consolidation of the pair within a wide range (3/8 - 5/8) is considered by us as an alternative, which will be proved by rebound from (5/8).

Trading 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 .