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

The pair has reached a strong resistance level

07 September 2016, GBP/USD

GBP/USD: pair has reached strong resistance level

The four-hours chart GBPUSD. The goal on the main resistance level (8/8) has been reached. But the price is quite seldom able to cross this level without pullback, so we wait for correction in the form of a downward pullback. Bulls have all prerequisites for further rising movement. So after apullback to the four-hours Supertrend line, we can see beginning of new rising wave and entrance to the oversoldness area with first goal (+1/8), and the next possible goal on (+2/8) .

Trading decisions: the goal 1.3428 (8/8) has reached and we can settle in profit

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.