The pair is again being traded below (4/8) | 29 August 2016

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
Agree with the review?
Traders' opinion:
Close
Log in
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus