Log in

Pressure remains

04 July 2016, GBP/USD

Pressure remains

Four-hours chart of GBPUSD. Sellers are still putting the pair under pressure to a local Low, which almost align with the level (2/8). The probability of breakdown of this mark from top to bottom is still very high. The main plan is decline targeting the reversal level (1/8). A correctional upward pullback can be enabled only by consolidation above the Daily SuperTrend Line.

Trading solutions: no

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.