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
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.