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
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.