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

The price has failed to consolidate above (4/8)

24 August 2016, GBP/USD

Four-hours chart of GBPUSD. The price has retest major support and resistance level (4/8). Since the price has failed to consolidate above (4/8), the main option is drop of the pair. The goal is the support area formed by 1.3062 (2/8) and the SuperTrend Daily line. Continuation of the upward movement will be considered as the primary option only after consolidation above 1.3184 (4/8).

Trading solutions: sell from current levels, put stop loss order at the local High, target is 1.3062 (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.