manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

The level (4/8) is holding price

14 September 2016, GBP/USD

GBP/USD: Level (4/8)is holding price

The four-hours chart GBPUSD. Pair couldn’t hold above(6/8)level and have strong down pullback. On the currency level support to the price is the strongest level in the system(4/8)level. Price could go through this level for the first time so as a main we can observe possibility with strong upwards bounce from this level. As a nearest aim is a line of the four-hours Supertrand line. After breakthrough this level we can expect restart of the level (6/8). This possibility would be canceled if price brakes through this level and consolidate under (4/8) level.

Trading decisions: buy from currency levels with aim on level 1.3306 (6/8)

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .