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

Pressure remains

20 September 2016, GBP/USD

GBP/USD: Pressure remains on the pair

The four-hours chart GBPUSD. After strong decrease and break through (2/8) level pair tried to come back and to consolidate above this level but pair couldn’t do it. As a main priority we observe possibility with pair decrease. The aim is the next even level (0/8). This possibility would be canceled if pair breaks through and consolidate above (2/8) level. In this situation we would see strong correction pullback in the area of the daily Supertrend line. But medium-term priority is decrease moving.

Trading decisions: no

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 .