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

Retest of (4/8)

26 August 2016, GBP/USD

Four-hours chart of GBPUSD. Buyers failed to go on with their winning march. The pair pulled back down to support level (4/8). But, despite its inability to be held above this level, we have not seen a significant upward rebound from this level. Therefore, the main option for today is drop, its proof will be breakdown of the level (4/8) from the top to bottom. In this case, in the medium run, we can see the price at (2/8) again. Continuation of the upward movement will be relevant if the price manages to hold above the level (4/8).

Solutions: none

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 .