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

Bears are still strong

08 July 2016, GBP/USD

Four-hours chart of GBPUSD. Our expectations of an upward corrective pullback did not come true. Buyers even could not break through the fourhours' line of SuperTrend. This is a signal of a continueddownward trend movement. The main plan is a drop with the nearest goal at the main support level (0/8), but given the current picture, it may get lower. Growth is not considered.

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 .