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

The pais is failing to cross (3/8)

18 August 2016, GBP/USD

Four-hours chart of GBPUSD. The pair has pulled back, but found support at the four-hours SuperTrend line, from which the price has resumed its short upward movement. Bulls were unable to push through the resistance area formed by the level (3/8) and the SuperTrend Daily line. As long as this area is not crossed, we cannot discuss continuation of the rising correction. Therefore, the main option is a pullback down to the closest target level (2/8).

Solutions: sell from current levels with a stop set at the local High. The closest goal is 1.2939 (2/8)

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.