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

The pair is again being traded below (4/8)

29 August 2016, GBP/USD

Four-hours chart of GBPUSD. The pair was not able to reach (6/8). Bears defended this level and their counter-attack made it clear that they will not lose their positions. At the moment the price is already below the main level of support and resistance. Locally, at (3/8) we expect an upward corrective pullback, to the main ​​support and resistance level (4/8), from where the price is expected to start a new descending wave targeting (2/8). As a possible alternative option, the flat (3/8 - 5/8) can take place

Trading 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 .